New England Research & Management Inc. Has $299,000 Stock Holdings in Canadian National Railway (NYSE:CNI)

New England Research & Management Inc. trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 22.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,950 shares of the transportation company’s stock after selling 850 shares during the quarter. New England Research & Management Inc.’s holdings in Canadian National Railway were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNI. Fortitude Family Office LLC lifted its stake in shares of 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 during the period. Coastline Trust Co acquired a new position in shares of Canadian National Railway in the third quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 worth $34,000 after acquiring an additional 108 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway in the third quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Canadian National Railway in the third quarter worth approximately $56,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of Canadian National Railway in a research note on Friday, January 10th. Stephens reiterated an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 10th. Barclays lowered their target price on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group lowered their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Trading Up 0.4 %

NYSE CNI opened at $105.51 on Thursday. The company has a market cap of $66.35 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 2.36 and a beta of 0.91. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The business has a 50 day moving average price of $104.72 and a 200-day moving average price of $111.16. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

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.