6,487 Canadian National Railway Company $CNI Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,440 shares of the transportation company’s stock after acquiring an additional 6,487 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Canadian National Railway were worth $7,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CNI. Two Sigma Securities LLC grew its holdings in shares of Canadian National Railway by 179.9% during the 2nd quarter. Two Sigma Securities LLC now owns 14,684 shares of the transportation company’s stock valued at $1,751,000 after purchasing an additional 9,438 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Canadian National Railway during the 2nd quarter worth approximately $9,308,000. Puzo Michael J bought a new position in Canadian National Railway in the 2nd quarter valued at approximately $5,915,000. Canandaigua National Bank & Trust Co. bought a new position in Canadian National Railway in the 2nd quarter valued at approximately $1,948,000. Finally, Cardinal Capital Management Inc. lifted its stake in Canadian National Railway by 5.8% in the 2nd quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock valued at $149,384,000 after purchasing an additional 68,791 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of research analyst reports. Bank of America cut their target price on shares of Canadian National Railway from $146.00 to $143.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Citigroup decreased their target price on shares of Canadian National Railway from $151.00 to $143.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Weiss Ratings upgraded Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, Citizens Jmp started coverage on Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $137.49.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $124.31 on Thursday. The business’s 50-day moving average price is $121.85 and its 200-day moving average price is $115.09. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $131.55. The firm has a market capitalization of $74.90 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.21 and a beta of 0.96. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.