Pennsylvania Trust Co Lowers stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Pennsylvania Trust Co reduced its stake in Canadian National Railway (USA) by 0.6% during the most recent quarter end. The investment management company now holds a total of 16,658 shares of Canadian National Railway (USA) which is valued at $1,104,759 after selling 100 shares in Canadian National Railway (USA) , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Canadian National Railway (USA) makes up approximately 0.09% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Windward Capital Management Co Ca reduced its stake in CNI by selling 1,238 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 234,588 shares of CNI which is valued at $15,557,876. Canadian National Railway (USA) makes up approx 2.93% of Windward Capital Management Co Ca’s portfolio. Nexus Investment Management added CNI to its portfolio by purchasing 5,565 company shares during the most recent quarter which is valued at $370,518. Canadian National Railway (USA) makes up approx 0.07% of Nexus Investment Management’s portfolio.Canandaigua National Bank Trust Co reduced its stake in CNI by selling 49 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 12,433 shares of CNI which is valued at $827,789. Canadian National Railway (USA) makes up approx 0.25% of Canandaigua National Bank Trust Co’s portfolio.Advisory Services Network boosted its stake in CNI in the latest quarter, The investment management firm added 10,514 additional shares and now holds a total of 15,580 shares of Canadian National Railway (USA) which is valued at $1,035,135. Canadian National Railway (USA) makes up approx 0.20% of Advisory Services Network’s portfolio.

Canadian National Railway (USA) closed down -0.17 points or -0.26% at $66.32 with 9,78,330 shares getting traded on Friday. Post opening the session at $67.12, the shares hit an intraday low of $66.3 and an intraday high of $67.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Canadian National Railway (USA) reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.04. The company had revenue of $2842.00 million for the quarter, compared to analysts expectations of $2896.90 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Canadian National Railway (USA) was Initiated by Loop Capital to “Hold” on Sep 27, 2016. Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $67 .Canadian National Railway (USA) was Upgraded by Raymond James to ” Outperform” on Jul 26, 2016.

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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