RWA Wealth Partners LLC Makes New $4.72 Million Investment in Canadian National Railway (NYSE:CNI)

RWA Wealth Partners LLC acquired a new stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,556 shares of the transportation company's stock, valued at approximately $4,718,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Canadian National Railway by 5.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company's stock valued at $1,421,649,000 after purchasing an additional 625,500 shares during the period. Deutsche Bank AG raised its position in Canadian National Railway by 7.3% during the third quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company's stock worth $604,011,000 after acquiring an additional 378,513 shares during the last quarter. Legal & General Group Plc raised its position in Canadian National Railway by 2.2% during the third quarter. Legal & General Group Plc now owns 4,477,999 shares of the transportation company's stock worth $487,145,000 after acquiring an additional 97,818 shares during the last quarter. Toronto Dominion Bank raised its position in Canadian National Railway by 2.2% during the third quarter. Toronto Dominion Bank now owns 3,550,317 shares of the transportation company's stock worth $384,606,000 after acquiring an additional 74,733 shares during the last quarter. Finally, Morgan Stanley raised its position in Canadian National Railway by 53.2% during the third quarter. Morgan Stanley now owns 2,879,091 shares of the transportation company's stock worth $311,892,000 after acquiring an additional 1,000,244 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Trading Up 0.1 %

Canadian National Railway stock traded up $0.07 during trading on Tuesday, reaching $129.39. The company had a trading volume of 1,617,683 shares, compared to its average volume of 1,001,146. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The stock's 50 day moving average price is $129.80 and its two-hundred day moving average price is $122.20. The firm has a market capitalization of $82.64 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.22 and a beta of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities analysts expect that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CNI shares. Citigroup lifted their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Jefferies Financial Group started coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a "hold" rating and a $130.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Susquehanna Bancshares lifted their price target on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a "neutral" rating in a report on Monday, January 8th. Finally, Barclays lifted their price target on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, April 4th. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has an average rating of "Hold" and an average price target of $147.52.

Canadian National Railway Company 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.