Franklin Parlapiano Turner & Welch LLC Raises Stock Position in Canadian National Railway (NYSE:CNI)

Franklin Parlapiano Turner & Welch LLC increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 67,172 shares of the transportation company’s stock after acquiring an additional 2,890 shares during the quarter. Canadian National Railway makes up approximately 1.8% of Franklin Parlapiano Turner & Welch LLC’s holdings, making the stock its 23rd largest holding. Franklin Parlapiano Turner & Welch LLC’s holdings in Canadian National Railway were worth $6,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd grew its position in Canadian National Railway by 43.3% during the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock valued at $1,822,000 after buying an additional 4,698 shares during the period. Principal Financial Group Inc. grew its position in shares of Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock valued at $10,820,000 after purchasing an additional 21,100 shares during the period. Unigestion Holding SA grew its position in shares of Canadian National Railway by 363.6% in the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after purchasing an additional 120,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Canadian National Railway by 5.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after purchasing an additional 202,303 shares during the period. Finally, Partners Group Holding AG grew its position in shares of Canadian National Railway by 16.3% in the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock valued at $47,571,000 after purchasing an additional 56,849 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.4 %

Shares of Canadian National Railway stock opened at $105.51 on Thursday. The company has a fifty day simple moving average of $104.72 and a 200-day simple moving average of $111.16. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 2.36 and a beta of 0.91.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNI. Stifel Nicolaus upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their target price for the company from $132.00 to $120.00 in a research report on Thursday, January 16th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $174.00 target price on shares of Canadian National Railway in a research note on Friday, January 10th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, January 10th. Finally, The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target 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.