Bennett Selby Investments LP Sells 169 Shares of Canadian National Railway (NYSE:CNI)

Bennett Selby Investments LP reduced its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,135 shares of the transportation company’s stock after selling 169 shares during the quarter. Bennett Selby Investments LP’s holdings in Canadian National Railway were worth $420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Canadian National Railway during the 2nd quarter valued at about $1,725,000. EverSource Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 15.6% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock worth $113,000 after acquiring an additional 131 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Canadian National Railway by 2,034.1% during the second quarter. Cubist Systematic Strategies LLC now owns 47,334 shares of the transportation company’s stock worth $5,591,000 after acquiring an additional 45,116 shares in the last quarter. Employees Retirement System of Texas bought a new stake in shares of Canadian National Railway in the 2nd quarter worth approximately $892,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Canadian National Railway by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock valued at $570,667,000 after purchasing an additional 120,453 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CNI has been the topic of a number of recent research reports. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 10th. Finally, Susquehanna lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Down 0.6 %

Shares of CNI opened at $105.59 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The stock has a market capitalization of $66.40 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The business’s 50 day simple moving average is $104.86 and its 200-day simple moving average is $111.51.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. As a group, equities analysts expect that Canadian National Railway will post 5.15 earnings per share for the current fiscal 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.