Marks Group Wealth Management Inc Sells 106 Shares of Canadian National Railway (NYSE:CNI)

Marks Group Wealth Management Inc lessened its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,725 shares of the transportation company’s stock after selling 106 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Canadian National Railway were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its stake in Canadian National Railway by 33.5% in the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock valued at $1,300,000 after acquiring an additional 3,011 shares during the last quarter. Spire Wealth Management increased its stake in Canadian National Railway by 5.0% in the third quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 219 shares during the last quarter. YCG LLC grew its stake in shares of Canadian National Railway by 6.0% during the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock valued at $31,418,000 after buying an additional 14,249 shares during the last quarter. Manning & Napier Group LLC grew its stake in shares of Canadian National Railway by 7.5% during the fourth quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock valued at $84,171,000 after buying an additional 46,517 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Canadian National Railway during the third quarter valued at about $1,266,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 10th. Wells Fargo & Company raised their price objective on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Susquehanna raised their price objective on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Finally, Barclays increased their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Eighteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus target price of $147.62.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $129.39 on Wednesday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a 50 day simple moving average of $129.80 and a two-hundred day simple moving average of $122.20. The company has a market capitalization of $82.64 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Analysts expect that Canadian National Railway will post 5.94 EPS for the current fiscal year.

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.