1832 Asset Management Lowers stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : 1832 Asset Management reduced its stake in Canadian National Railway (USA) by 8.25% during the most recent quarter end. The investment management company now holds a total of 9,241,991 shares of Canadian National Railway (USA) which is valued at $543.2 Million after selling 830,594 shares in Canadian National Railway (USA) , the firm said in a disclosure report filed with the SEC on May 12, 2016.Canadian National Railway (USA) makes up approximately 2.16% of 1832 Asset Management’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh boosted its stake in CNI in the latest quarter, The investment management firm added 379 additional shares and now holds a total of 43,021 shares of Canadian National Railway (USA) which is valued at $2.5 Million. Canadian National Railway (USA) makes up approx 0.02% of Keybank National Associationoh’s portfolio.Copeland Capital Management reduced its stake in CNI by selling 916 shares or 6.21% in the most recent quarter. The Hedge Fund company now holds 13,827 shares of CNI which is valued at $812,751. Canadian National Railway (USA) makes up approx 0.06% of Copeland Capital Management’s portfolio. Checchi Capital Advisers added CNI to its portfolio by purchasing 2,546 company shares during the most recent quarter which is valued at $151,207. Canadian National Railway (USA) makes up approx 0.04% of Checchi Capital Advisers’s portfolio.Iab Financial Bank boosted its stake in CNI in the latest quarter, The investment management firm added 967 additional shares and now holds a total of 34,140 shares of Canadian National Railway (USA) which is valued at $2.1 Million. Canadian National Railway (USA) makes up approx 1.41% of Iab Financial Bank’s portfolio.

Canadian National Railway (USA) opened for trading at $57.84 and hit $58.6583 on the upside on Friday, eventually ending the session at $58.28, with a gain of 1.22% or 0.7 points. The heightened volatility saw the trading volume jump to 9,31,838 shares. Company has a market cap of $45,482 M.

On the company’s financial health, Canadian National Railway (USA) reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.93. The company had revenue of $2964.00 million for the quarter, compared to analysts expectations of $3010.69 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Canadian National Railway (USA) was Initiated by Credit Agricole to “Sell” on May 19, 2016. Company shares were Reiterated by Cowen on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $61.50 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $89 .

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company’s network of approximately 20000 route miles of track spans Canada and mid-America from the Atlantic and Pacific oceans to the Gulf of Mexico serving the ports of Vancouver Prince Rupert (British Columbia) Montreal Halifax New Orleans and Mobile (Alabama) and the metropolitan areas of Toronto Buffalo Chicago Detroit Duluth (Minnesota)/Superior (Wisconsin) Green Bay (Wisconsin) Minneapolis/St. Paul Memphis and Jackson (Mississippi) with connections to all points in North America.

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