Brinker Capital Inc. Buys 1,695 Shares of Canadian National Railway (NYSE:CNI)

Brinker Capital Inc. grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,269 shares of the transportation company’s stock after purchasing an additional 1,695 shares during the period. Brinker Capital Inc.’s holdings in Canadian National Railway were worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CNI. Vanguard Group Inc. grew its position in Canadian National Railway by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 20,351,547 shares of the transportation company’s stock worth $1,882,111,000 after acquiring an additional 535,990 shares during the last quarter. JPMorgan Chase & Co. grew its position in Canadian National Railway by 37.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,683,848 shares of the transportation company’s stock worth $337,220,000 after acquiring an additional 1,001,851 shares during the last quarter. William Blair Investment Management LLC grew its position in Canadian National Railway by 2.7% during the 2nd quarter. William Blair Investment Management LLC now owns 3,523,264 shares of the transportation company’s stock worth $325,777,000 after acquiring an additional 92,187 shares during the last quarter. Swiss National Bank grew its position in Canadian National Railway by 4.6% during the 2nd quarter. Swiss National Bank now owns 2,667,800 shares of the transportation company’s stock worth $246,888,000 after acquiring an additional 117,500 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in Canadian National Railway by 16.1% during the 2nd quarter. WCM Investment Management LLC now owns 1,508,977 shares of the transportation company’s stock worth $139,550,000 after acquiring an additional 209,020 shares during the last quarter. Institutional investors own 53.12% of the company’s stock.

Shares of CNI opened at $89.83 on Wednesday. The firm has a market capitalization of $63.12 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.79 and a beta of 1.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.54 and a current ratio of 0.69. The business’s fifty day moving average price is $89.03 and its two-hundred day moving average price is $91.59. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $96.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.39. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.87 billion. Canadian National Railway had a return on equity of 24.15% and a net margin of 29.50%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. As a group, research analysts forecast that Canadian National Railway will post 4.62 EPS for the current year.

A number of equities research analysts recently commented on CNI shares. ValuEngine lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada set a $137.00 price target on Canadian National Railway and gave the stock a “hold” rating in a research report on Friday, September 13th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price objective for the company from $94.00 to $100.00 in a research report on Wednesday, October 16th. Goldman Sachs Group assumed coverage on Canadian National Railway in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $97.00 price objective on the stock. Finally, Raymond James lowered Canadian National Railway from an “outperform” rating to a “hold” rating in a research report on Friday, September 13th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $101.72.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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