Minot DeBlois Advisors LLC Acquires Shares of 5,133 Canadian National Railway (NYSE:CNI)

Minot DeBlois Advisors LLC acquired a new stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,133 shares of the transportation company's stock, valued at approximately $521,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sustainable Insight Capital Management LLC acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $436,000. Threadgill Financial LLC grew its position in shares of Canadian National Railway by 75.9% in the 4th quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock valued at $2,282,000 after purchasing an additional 9,701 shares during the period. CIBC Asset Management Inc grew its position in shares of Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after purchasing an additional 571,967 shares during the period. Blue Trust Inc. grew its position in shares of Canadian National Railway by 26.5% in the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock valued at $167,000 after purchasing an additional 345 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Canadian National Railway by 29.6% in the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock valued at $10,820,000 after purchasing an additional 21,100 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

CNI traded down $0.05 during trading hours on Friday, reaching $108.08. The company's stock had a trading volume of 1,208,567 shares, compared to its average volume of 1,309,605. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The company's 50-day moving average is $98.53 and its 200-day moving average is $102.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a market cap of $67.93 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CNI shares. Royal Bank of Canada decreased their price objective on 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. Citigroup reduced their price target on 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. Evercore ISI reduced their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Susquehanna raised Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target for the company in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus reduced their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.52.

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.