Grove Bank & Trust Sells 142 Shares of Canadian National Railway (NYSE:CNI)

Grove Bank & Trust decreased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588 shares of the transportation company’s stock after selling 142 shares during the period. Grove Bank & Trust’s holdings in Canadian National Railway were worth $60,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Canadian National Railway by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,102,997 shares of the transportation company’s stock worth $130,297,000 after purchasing an additional 48,984 shares during the period. Renaissance Technologies LLC bought a new position in shares of Canadian National Railway in the second quarter worth $1,725,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Canadian National Railway by 6.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,021 shares of the transportation company’s stock worth $475,000 after purchasing an additional 247 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Canadian National Railway by 15.6% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock worth $113,000 after purchasing an additional 131 shares during the period. Finally, Magnetar Financial LLC bought a new position in shares of Canadian National Railway in the second quarter worth $3,537,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.4 %

Shares of CNI stock opened at $101.54 on Tuesday. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two 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 50 day simple moving average of $105.44 and a two-hundred day simple moving average of $111.82. The company has a market cap of $63.85 billion, a P/E ratio of 16.27, a PEG ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that Canadian National Railway will post 5.21 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CNI. Susquehanna decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Sanford C. Bernstein reduced their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company reduced their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Bank of America reduced their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.