Canadian National Railway (NYSE:CNI) Shares Bought by Franklin Parlapiano Turner & Welch LLC

Franklin Parlapiano Turner & Welch LLC increased its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,172 shares of the transportation company's stock after buying an additional 2,890 shares during the period. Canadian National Railway comprises approximately 1.8% of Franklin Parlapiano Turner & Welch LLC's holdings, making the stock its 23rd largest holding. Franklin Parlapiano Turner & Welch LLC's holdings in Canadian National Railway were worth $6,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd increased its position in Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company's stock valued at $1,822,000 after purchasing an additional 4,698 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock valued at $10,820,000 after purchasing an additional 21,100 shares in the last quarter. Unigestion Holding SA increased its holdings in Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock valued at $18,012,000 after buying an additional 120,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Canadian National Railway by 5.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock worth $464,002,000 after buying an additional 202,303 shares in the last quarter. Finally, Partners Group Holding AG lifted its holdings in Canadian National Railway by 16.3% during the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company's stock worth $47,571,000 after buying an additional 56,849 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CNI has been the subject of several recent research reports. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a research report on Thursday, October 24th. The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Stephens reiterated an "equal weight" rating and set a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Finally, Susquehanna lowered 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 research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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 stock currently has an average rating of "Moderate Buy" and an average price target of $124.02.

Canadian National Railway Stock Performance

NYSE CNI traded up $0.19 during trading hours on Thursday, reaching $105.72. The stock had a trading volume of 778,400 shares, compared to its average volume of 1,234,997. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market cap of $66.48 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. The stock has a fifty day moving average of $104.70 and a 200 day moving average of $111.12.

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.