Great Lakes Advisors LLC Sells 13,330 Shares of Canadian National Railway Company $CNI

Great Lakes Advisors LLC reduced its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,196 shares of the transportation company’s stock after selling 13,330 shares during the period. Great Lakes Advisors LLC’s holdings in Canadian National Railway were worth $12,938,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV grew its position in Canadian National Railway by 13.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock worth $97,000 after buying an additional 110 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Canadian National Railway by 3.3% during the 2nd quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock valued at $373,000 after acquiring an additional 115 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Canadian National Railway by 5.3% during the second quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after purchasing an additional 119 shares in the last quarter. M&T Bank Corp increased its position in shares of Canadian National Railway by 1.9% in the second quarter. M&T Bank Corp now owns 6,629 shares of the transportation company’s stock worth $690,000 after purchasing an additional 122 shares during the last quarter. Finally, MAI Capital Management increased its position in shares of Canadian National Railway by 5.0% in the second quarter. MAI Capital Management now owns 2,933 shares of the transportation company’s stock worth $305,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Wells Fargo & Company cut their target price on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Barclays raised their price target on Canadian National Railway from $97.00 to $101.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.64.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $100.99 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.42. Canadian National Railway Company has a one year low of $90.74 and a one year high of $108.75. The business’s 50 day simple moving average is $98.04 and its two-hundred day simple moving average is $96.26. The stock has a market capitalization of $62.05 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the business earned $1.72 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. Analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.