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

Cumberland Partners Ltd raised its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 approximately 2.6% of Cumberland Partners Ltd’s investment portfolio, making the stock its 13th largest 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 institutional investors and hedge funds have also recently made changes to their positions in the stock. JFS Wealth Advisors LLC raised its holdings in Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after buying an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after buying an additional 202 shares during the last quarter. Rational Advisors LLC bought a new position in Canadian National Railway in the 3rd quarter valued at approximately $41,000. Crewe Advisors LLC bought a new position in Canadian National Railway in the 3rd quarter valued at approximately $43,000. Finally, Keener Financial Planning LLC bought a new position in Canadian National Railway in the 4th quarter valued at approximately $46,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.1 %

NYSE CNI traded up $0.07 during mid-day trading on Tuesday, hitting $129.39. The company’s stock had a trading volume of 1,617,683 shares, compared to its average volume of 1,001,146. The company’s 50 day simple moving average is $129.80 and its 200 day simple moving average is $122.20. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $82.64 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.22 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Analysts anticipate that Canadian National Railway will post 5.94 earnings per share for the current year.

Wall Street Analyst Weigh In

CNI has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 10th. CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Stephens increased their target price on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Citigroup increased their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their target price on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Eighteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.52.

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.