Cumberland Partners Ltd Acquires 5,775 Shares of Canadian National Railway (NYSE:CNI)

Cumberland Partners Ltd lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,700 shares of the transportation company’s stock after acquiring an additional 5,775 shares during the quarter. Canadian National Railway makes up 2.6% of Cumberland Partners Ltd’s portfolio, making the stock its 13th biggest position. Cumberland Partners Ltd’s holdings in Canadian National Railway were worth $30,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC grew its stake in Canadian National Railway by 9.3% in the third quarter. CWM LLC now owns 2,983 shares of the transportation company’s stock worth $323,000 after purchasing an additional 255 shares during the period. Arkadios Wealth Advisors grew its stake in Canadian National Railway by 13.4% in the third quarter. Arkadios Wealth Advisors now owns 3,214 shares of the transportation company’s stock worth $348,000 after purchasing an additional 381 shares during the period. Lawson Kroeker Investment Management Inc. NE grew its stake in Canadian National Railway by 0.3% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 35,058 shares of the transportation company’s stock worth $3,798,000 after purchasing an additional 120 shares during the period. Baker Chad R grew its stake in Canadian National Railway by 2.6% in the third quarter. Baker Chad R now owns 13,380 shares of the transportation company’s stock worth $1,449,000 after purchasing an additional 340 shares during the period. Finally, Atwater Malick LLC grew its stake in Canadian National Railway by 1.2% in the third quarter. Atwater Malick LLC now owns 69,726 shares of the transportation company’s stock worth $7,553,000 after purchasing an additional 811 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.07 during trading hours on Tuesday, reaching $129.39. 1,617,683 shares of the company traded hands, compared to its average volume of 1,001,146. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The company has a market cap of $82.64 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.22 and a beta of 0.88. The firm has a 50-day moving average price of $129.80 and a 200 day moving average price of $122.20.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. As a group, sell-side analysts predict that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Stephens upped their price target on Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Susquehanna reduced their price target on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Finally, Jefferies Financial Group initiated coverage on Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 price target for the company. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $147.52.

Canadian National Railway 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.