Royal Bank of Canada Acquires 1,934,622 Shares of Canadian National Railway (NYSE:CNI)

Royal Bank of Canada increased its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,757,038 shares of the transportation company's stock after acquiring an additional 1,934,622 shares during the quarter. Canadian National Railway accounts for about 0.6% of Royal Bank of Canada's holdings, making the stock its 29th largest position. Royal Bank of Canada owned approximately 4.41% of Canadian National Railway worth $2,817,616,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the fourth quarter valued at $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CNI. Evercore ISI lowered their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada decreased their target price 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. Susquehanna raised shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price for the company in a research report on Tuesday, May 6th. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Citigroup decreased their target price 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 issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Stock Performance

CNI stock traded down $0.59 during trading on Monday, reaching $107.48. 691,097 shares of the stock were exchanged, compared to its average volume of 1,309,901. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18. 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 market capitalization of $67.55 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The stock has a 50 day simple moving average of $98.79 and a 200-day simple moving average of $102.47.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued 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. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.72 earnings per share. As a group, sell-side analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

About Canadian National Railway

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.