Inspire Investing LLC Has $2.59 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Inspire Investing LLC boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,470 shares of the transportation company’s stock after purchasing an additional 1,986 shares during the quarter. Inspire Investing LLC’s holdings in Canadian National Railway were worth $2,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wesbanco Bank Inc. bought a new stake in Canadian National Railway in the 4th quarter valued at $227,000. Rothschild & Co Wealth Management UK Ltd acquired a new position in Canadian National Railway in the fourth quarter worth about $5,662,000. Janney Montgomery Scott LLC lifted its stake in Canadian National Railway by 7.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 138,810 shares of the transportation company’s stock worth $14,091,000 after purchasing an additional 10,039 shares during the period. SG Americas Securities LLC bought a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $615,000. Finally, Sterling Investment Management LLC raised its holdings in shares of Canadian National Railway by 29.2% in the 4th quarter. Sterling Investment Management LLC now owns 46,868 shares of the transportation company’s stock worth $4,758,000 after buying an additional 10,589 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

CNI opened at $104.43 on Thursday. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The firm has a market capitalization of $65.67 billion, a PE ratio of 16.74, a PEG ratio of 2.34 and a beta of 0.91. 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 business’s 50-day simple moving average is $104.94 and its 200 day simple moving average is $111.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. As a group, sell-side analysts expect that Canadian National Railway will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CNI has been the topic of a number of analyst reports. Stephens reiterated an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Susquehanna decreased their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

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.