Davis R M Inc. Has $412,000 Position in Canadian National Railway (NYSE:CNI)

Davis R M Inc. lowered its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,125 shares of the transportation company’s stock after selling 384 shares during the period. Davis R M Inc.’s holdings in Canadian National Railway were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNI. American Century Companies Inc. boosted its stake in shares of Canadian National Railway by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 84,920 shares of the transportation company’s stock valued at $9,196,000 after buying an additional 4,986 shares during the period. Whittier Trust Co. boosted its stake in shares of Canadian National Railway by 20.1% during the 4th quarter. Whittier Trust Co. now owns 3,495 shares of the transportation company’s stock valued at $439,000 after buying an additional 585 shares during the period. Wealthsource Partners LLC boosted its stake in shares of Canadian National Railway by 2.7% during the 4th quarter. Wealthsource Partners LLC now owns 19,085 shares of the transportation company’s stock valued at $2,398,000 after buying an additional 505 shares during the period. LVW Advisors LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at $369,000. Finally, Stokes Capital Advisors LLC lifted its stake in shares of Canadian National Railway by 6.0% in the 4th quarter. Stokes Capital Advisors LLC now owns 50,797 shares of the transportation company’s stock valued at $6,382,000 after purchasing an additional 2,896 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI traded down $1.47 during trading hours on Tuesday, reaching $120.72. 589,306 shares of the company traded hands, compared to its average volume of 1,057,131. The stock’s fifty day moving average is $122.10 and its 200 day moving average is $125.75. The stock has a market cap of $76.34 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.16 billion. Equities research analysts anticipate that Canadian National Railway will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CNI. Stephens reaffirmed an “equal weight” rating and issued a $140.00 price objective on shares of Canadian National Railway in a research note on Wednesday, April 24th. Jefferies Financial Group began coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective for the company. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Susquehanna reduced their price objective on shares of Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Eighteen investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $148.08.

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.