Manning & Napier Advisors LLC Sells 22,061 Shares of Canadian National Railway (NYSE:CNI)

Manning & Napier Advisors LLC trimmed its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,109,174 shares of the transportation company's stock after selling 22,061 shares during the period. Canadian National Railway makes up 1.3% of Manning & Napier Advisors LLC's portfolio, making the stock its 27th biggest holding. Manning & Napier Advisors LLC owned approximately 0.18% of Canadian National Railway worth $112,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNI. Grove Bank & Trust grew its position in Canadian National Railway by 15.3% in the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock valued at $86,000 after acquiring an additional 97 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Catalytic Wealth RIA LLC boosted its stake in Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company's stock worth $654,000 after acquiring an additional 123 shares during the last quarter. Harrington Investments INC increased its position in shares of Canadian National Railway by 0.6% in the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company's stock valued at $2,384,000 after buying an additional 130 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in Canadian National Railway by 3.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company's stock worth $513,000 after buying an additional 135 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.5 %

Shares of CNI stock traded down $0.51 on Thursday, reaching $105.02. 1,586,458 shares of the company were exchanged, compared to its average volume of 1,278,568. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02. The company has a 50-day moving average of $104.70 and a 200-day moving average of $111.12. The company has a market cap of $66.04 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 2.36 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Analysts anticipate that Canadian National Railway will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $174.00 price objective on shares of Canadian National Railway in a report on Friday, January 10th. Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research report on Friday, January 10th. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Finally, Citigroup raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and increased their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.