Mayflower Financial Advisors LLC Cuts Position in Canadian National Railway (NYSE:CNI)

Mayflower Financial Advisors LLC lowered its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,206 shares of the transportation company’s stock after selling 129 shares during the period. Mayflower Financial Advisors LLC’s holdings in Canadian National Railway were worth $934,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co purchased a new stake in shares of Canadian National Railway during the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the period. Reston Wealth Management LLC acquired a new position in Canadian National Railway during the 3rd quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Canadian National Railway in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.5 %

Shares of NYSE:CNI opened at $105.19 on Wednesday. Canadian National Railway has a 1-year low of $98.96 and a 1-year high of $134.02. The company’s fifty day moving average is $104.76 and its two-hundred day moving average is $111.27. 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 stock has a market capitalization of $66.15 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91.

Wall Street Analysts Forecast Growth

CNI has been the subject of several analyst reports. Barclays decreased their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group decreased their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, January 10th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein dropped their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.02.

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.