Canadian National Railway Company $CNI Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 60.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,059 shares of the transportation company’s stock after selling 3,121 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Canadian National Railway were worth $216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dagco Inc. acquired a new stake in Canadian National Railway during the 1st quarter worth $32,000. Brooklyn Investment Group raised its stake in Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after acquiring an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after acquiring an additional 167 shares in the last quarter. GAMMA Investing LLC raised its stake in Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after acquiring an additional 171 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in Canadian National Railway in the first quarter valued at $74,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America dropped their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Wells Fargo & Company dropped their price objective on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. National Bank Financial lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a “hold” rating in a research note on Friday, June 27th. Finally, Wall Street Zen upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average target price of $113.90.

Canadian National Railway Stock Up 1.2%

Shares of NYSE:CNI opened at $96.14 on Thursday. The company has a market cap of $59.48 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.15 and a beta of 0.96. The firm’s 50-day simple moving average is $94.90 and its 200-day simple moving average is $98.79. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $114.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 EPS. As a group, equities research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current 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.