Canadian National Railway (NYSE:CNI) Stock Holdings Cut by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI cut its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,864 shares of the transportation company's stock after selling 2,358 shares during the period. Parsons Capital Management Inc. RI's holdings in Canadian National Railway were worth $1,813,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CNI. Fortitude Family Office LLC raised its position in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock worth $30,000 after acquiring an additional 229 shares in the last quarter. Coastline Trust Co acquired a new position in shares of Canadian National Railway in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 acquiring an additional 108 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Canadian National Railway in the 3rd quarter valued at $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Canadian National Railway during the 3rd quarter worth $56,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

NYSE CNI traded down $1.59 during trading hours on Tuesday, hitting $105.19. The company had a trading volume of 1,817,056 shares, 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 firm has a market cap of $66.15 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The business has a fifty day simple moving average of $104.76 and a 200-day simple moving average of $111.27.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $174.00 target price on shares of Canadian National Railway in a research note on Friday, January 10th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Stephens reaffirmed 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. Finally, Wells Fargo & Company dropped their target price 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 analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average target price 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.