Fifth Third Bancorp Sells 21,103 Shares of Canadian National Railway (NYSE:CNI)

Fifth Third Bancorp trimmed its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 57.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,547 shares of the transportation company's stock after selling 21,103 shares during the period. Fifth Third Bancorp's holdings in Canadian National Railway were worth $1,578,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in Canadian National Railway by 14.8% in the fourth quarter. Gradient Investments LLC now owns 5,297 shares of the transportation company's stock valued at $538,000 after acquiring an additional 684 shares during the period. Sustainable Insight Capital Management LLC acquired a new stake in Canadian National Railway during the fourth quarter valued at approximately $436,000. Cardinal Capital Management Inc. grew its stake in shares of Canadian National Railway by 42.6% in the 4th quarter. Cardinal Capital Management Inc. now owns 678,211 shares of the transportation company's stock valued at $68,715,000 after purchasing an additional 202,692 shares during the period. Inspire Investing LLC raised its holdings in shares of Canadian National Railway by 8.5% in the 4th quarter. Inspire Investing LLC now owns 25,470 shares of the transportation company's stock worth $2,586,000 after buying an additional 1,986 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in Canadian National Railway in the 4th quarter valued at $227,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded up $0.39 during trading on Wednesday, reaching $105.51. 964,946 shares of the company traded hands, compared to its average volume of 1,263,197. The firm has a market capitalization of $66.35 billion, a PE ratio of 16.91, a PEG ratio of 2.36 and a beta of 0.91. The company's 50 day moving average is $104.72 and its two-hundred day moving average is $111.16. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CNI shares. Stifel Nicolaus upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating and reduced their target price for the company from $132.00 to $120.00 in a research note on Thursday, January 16th. Jefferies Financial Group raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a report on Friday, January 10th. Susquehanna cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Barclays decreased their price target on shares of 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. Finally, Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $124.02.

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.