Bell Rock Capital LLC lessened its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 59.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,810 shares of the transportation company’s stock after selling 2,645 shares during the quarter. Bell Rock Capital LLC’s holdings in Canadian National Railway were worth $133,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNI. Morgan Stanley increased its stake in Canadian National Railway by 18.0% in the 3rd quarter. Morgan Stanley now owns 6,515,346 shares of the transportation company’s stock worth $585,078,000 after buying an additional 992,137 shares in the last quarter. Pictet Asset Management Ltd. purchased a new stake in Canadian National Railway in the 3rd quarter worth $61,172,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Canadian National Railway by 8.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,024,202 shares of the transportation company’s stock worth $719,484,000 after buying an additional 628,194 shares in the last quarter. Bank of Montreal Can increased its stake in Canadian National Railway by 3.2% in the 3rd quarter. Bank of Montreal Can now owns 16,702,416 shares of the transportation company’s stock worth $1,499,876,000 after buying an additional 511,467 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in Canadian National Railway by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 19,024,269 shares of the transportation company’s stock worth $1,708,379,000 after buying an additional 497,662 shares in the last quarter. Institutional investors and hedge funds own 54.35% of the company’s stock.

CNI opened at $83.44 on Friday. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $91.90. The stock has a market cap of $58.93 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.57.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.38. Canadian National Railway had a net margin of 42.06% and a return on equity of 22.67%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian National Railway will post 4.16 EPS for the current fiscal year.

Several research analysts have commented on CNI shares. Barclays reissued a “hold” rating and set a $86.00 price objective on shares of Canadian National Railway in a report on Thursday, January 17th. Credit Suisse Group raised shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $90.00 to $95.00 in a report on Tuesday, January 15th. Stephens raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 3rd. BMO Capital Markets reissued a “hold” rating on shares of Canadian National Railway in a report on Sunday, December 16th. Finally, Raymond James reissued a “buy” rating on shares of Canadian National Railway in a report on Tuesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $92.16.

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About Canadian National Railway

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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