Sumitomo Mitsui DS Asset Management Company Ltd Has $1.35 Million Position in Canadian National Railway (NYSE:CNI)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.8% during the third quarter, Holdings Channel reports. The institutional investor owned 11,491 shares of the transportation company’s stock after acquiring an additional 310 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Canadian National Railway were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway in the 2nd quarter valued at $26,000. Addison Advisors LLC lifted its position in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares in the last quarter. GAMMA Investing LLC lifted its position in Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares in the last quarter. ORG Partners LLC acquired a new position in Canadian National Railway during the 2nd quarter worth about $34,000. Finally, Daiwa Securities Group Inc. acquired a new position in Canadian National Railway during the 1st quarter worth about $64,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $112.24 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The stock has a market cap of $70.98 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88. The stock has a 50-day moving average of $116.00 and a 200-day moving average of $119.78. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the previous year, the company posted $1.31 earnings per share. Canadian National Railway’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that Canadian National Railway will post 5.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CNI shares. Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Bank of America downgraded shares of Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. Evercore ISI reduced their price target on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 25th. The Goldman Sachs Group dropped their price objective 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. Finally, Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $126.02.

About Canadian National Railway

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.