Logan Capital Management Inc. Invests $1.78 Million in Canadian National Railway (NYSE:CNI)

Logan Capital Management Inc. bought a new stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,570 shares of the transportation company's stock, valued at approximately $1,784,000.

A number of other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. Voya Investment Management LLC raised its position in Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock worth $807,000 after purchasing an additional 112 shares during the last quarter. Crestwood Advisors Group LLC raised its position in Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock worth $286,000 after purchasing an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in Canadian National Railway by 1.2% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after purchasing an additional 139 shares during the last quarter. Finally, Addison Advisors LLC raised its position in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

CNI has been the subject of several research analyst reports. Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a research report on Tuesday, May 6th. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Citigroup dropped their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Trading Down 0.0%

Shares of CNI stock traded down $0.05 on Friday, hitting $108.08. The stock had a trading volume of 1,208,567 shares, compared to its average volume of 1,312,275. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18. The firm has a market cap of $67.93 billion, a P/E ratio of 21.11, a PEG ratio of 1.95 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average price of $98.79 and a two-hundred day moving average price of $102.47.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the business earned $1.72 EPS. The firm's revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.