Baader Bank Aktiengesellschaft Sells 38,529 Shares of Canadian National Railway (NYSE:CNI)

Baader Bank Aktiengesellschaft lessened its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 73.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,855 shares of the transportation company's stock after selling 38,529 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Canadian National Railway were worth $1,406,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CNI. Renaissance Technologies LLC bought a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $1,725,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Canadian National Railway by 11.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,687 shares of the transportation company's stock valued at $1,617,000 after acquiring an additional 1,445 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Canadian National Railway by 34.0% during the 2nd quarter. NewEdge Advisors LLC now owns 7,464 shares of the transportation company's stock valued at $882,000 after acquiring an additional 1,892 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Canadian National Railway by 10.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 4,573 shares of the transportation company's stock valued at $540,000 after acquiring an additional 417 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of Canadian National Railway by 6.4% during the 2nd quarter. Truist Financial Corp now owns 25,546 shares of the transportation company's stock valued at $3,018,000 after acquiring an additional 1,534 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 0.3 %

Shares of CNI traded up $0.34 during mid-day trading on Thursday, hitting $105.87. 738,706 shares of the company's stock traded hands, compared to its average volume of 1,231,851. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The firm has a market capitalization of $66.58 billion, a P/E ratio of 16.97, a PEG ratio of 2.36 and a beta of 0.91. The business's 50-day moving average price is $104.70 and its 200-day moving average price is $111.12.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of recent research reports. Veritas upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Bank of America dropped their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Sanford C. Bernstein dropped their target price on Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada restated an "outperform" rating and issued a $174.00 target price on shares of Canadian National Railway in a research report on Friday, January 10th. Finally, Stephens restated an "equal weight" rating and issued a $116.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 23rd. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.02.

Canadian National Railway 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.