Gradient Investments LLC Grows Stock Holdings in Canadian National Railway (NYSE:CNI)

Gradient Investments LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,297 shares of the transportation company’s stock after purchasing an additional 684 shares during the period. Gradient Investments LLC’s holdings in Canadian National Railway were worth $538,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its position in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the last quarter. Coastline Trust Co acquired a new position in Canadian National Railway in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the third quarter worth about $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI opened at $105.59 on Friday. The company has a market capitalization of $66.40 billion, a PE ratio of 16.92, a P/E/G ratio of 2.36 and a beta of 0.91. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The company has a 50-day simple moving average of $104.79 and a 200-day simple moving average of $111.44. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

Several research firms have commented on CNI. Barclays cut their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 10th. Bank of America lowered their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Susquehanna reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

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.