10,903 Shares in Canadian National Railway (NYSE:CNI) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,903 shares of the transportation company's stock, valued at approximately $1,050,000.

Several other hedge funds have also recently added to or reduced their stakes in CNI. National Bank of Canada FI raised its holdings in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after purchasing an additional 2,137,948 shares in the last quarter. Canoe Financial LP purchased a new position in Canadian National Railway in the fourth quarter valued at $216,943,000. Point72 Asset Management L.P. acquired a new stake in Canadian National Railway in the third quarter valued at $159,907,000. Wellington Management Group LLP raised its stake in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock valued at $2,175,935,000 after buying an additional 790,420 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Canadian National Railway by 64.5% during the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company's stock worth $174,813,000 after purchasing an additional 584,832 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Jefferies Financial Group raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a report on Friday, January 10th. Barclays dropped 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 note on Friday, January 17th. Bank of America reduced their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $124.02.

Canadian National Railway Stock Performance

NYSE CNI traded down $1.59 during trading hours on Tuesday, hitting $105.19. 1,817,056 shares of the stock were exchanged, compared to its average volume of 1,280,745. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company has a market cap of $66.15 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The stock has a 50-day moving average of $104.76 and a 200 day moving average of $111.27.

Canadian National Railway Company Profile

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.