Canadian National Railway (NYSE:CNI) Shares Acquired by Kwmg LLC

Kwmg LLC lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 31,975 shares of the transportation company’s stock after buying an additional 688 shares during the period. Kwmg LLC’s holdings in Canadian National Railway were worth $2,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CNI. Cibc Bank USA purchased a new position in shares of Canadian National Railway in the 3rd quarter valued at approximately $285,000. Patten Group Inc. grew its stake in shares of Canadian National Railway by 7.4% in the 3rd quarter. Patten Group Inc. now owns 15,469 shares of the transportation company’s stock valued at $1,390,000 after purchasing an additional 1,066 shares during the last quarter. Weybosset Research & Management LLC grew its stake in shares of Canadian National Railway by 0.4% in the 3rd quarter. Weybosset Research & Management LLC now owns 86,754 shares of the transportation company’s stock valued at $7,796,000 after purchasing an additional 379 shares during the last quarter. Callahan Advisors LLC grew its stake in shares of Canadian National Railway by 5.5% in the 3rd quarter. Callahan Advisors LLC now owns 102,687 shares of the transportation company’s stock valued at $9,227,000 after purchasing an additional 5,358 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Canadian National Railway by 6.0% in the 3rd quarter. Boston Trust Walden Corp now owns 35,200 shares of the transportation company’s stock valued at $3,163,000 after purchasing an additional 2,000 shares during the last quarter. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Canadian National Railway stock traded up $1.27 during trading on Tuesday, reaching $89.99. The company’s stock had a trading volume of 92,147 shares, compared to its average volume of 879,757. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.66. Canadian National Railway has a 12-month low of $70.36 and a 12-month high of $96.49. The company has a market capitalization of $63.12 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.01. The business has a 50 day moving average price of $89.07 and a 200-day moving average price of $91.59.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.47. Canadian National Railway had a return on equity of 24.15% and a net margin of 29.50%. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts predict that Canadian National Railway will post 4.62 EPS for the current fiscal year.

Several brokerages have weighed in on CNI. Goldman Sachs Group began coverage on Canadian National Railway in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $97.00 target price on the stock. Scotiabank downgraded Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 2nd. Raymond James downgraded Canadian National Railway from an “outperform” rating to a “hold” rating in a research note on Friday, September 13th. ValuEngine downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada set a $137.00 target price on Canadian National Railway and gave the company a “hold” rating in a research note on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $101.72.

Canadian National Railway Company Profile

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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