United Services Automobile Association Lowers stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : United Services Automobile Association reduced its stake in Canadian National Railway (USA) by 14.74% during the most recent quarter end. The investment management company now holds a total of 1,001,175 shares of Canadian National Railway (USA) which is valued at $63,824,906 after selling 173,078 shares in Canadian National Railway (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Canadian National Railway (USA) makes up approximately 0.22% of United Services Automobile Association’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in CNI in the latest quarter, The investment management firm added 2,175 additional shares and now holds a total of 13,640 shares of Canadian National Railway (USA) which is valued at $869,550. Canadian National Railway (USA) makes up approx 0.02% of D.a. Davidson’s portfolio.Tower Research Capital (trc) boosted its stake in CNI in the latest quarter, The investment management firm added 4,067 additional shares and now holds a total of 4,417 shares of Canadian National Railway (USA) which is valued at $280,568. Canadian National Railway (USA) makes up approx 0.03% of Tower Research Capital (trc)’s portfolio.Cribstone Capital Management reduced its stake in CNI by selling 80 shares or 12.58% in the most recent quarter. The Hedge Fund company now holds 556 shares of CNI which is valued at $36,513. Canadian National Railway (USA) makes up approx 0.02% of Cribstone Capital Management’s portfolio.Baxter Bros Inc boosted its stake in CNI in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 18,450 shares of Canadian National Railway (USA) which is valued at $1,232,276. Canadian National Railway (USA) makes up approx 0.38% of Baxter Bros Inc’s portfolio.

Canadian National Railway (USA) opened for trading at $63.93 and hit $64.475 on the upside on Monday, eventually ending the session at $64.39, with a gain of 0.33% or 0.21 points. The heightened volatility saw the trading volume jump to 6,76,431 shares. Company has a market cap of $49,439 M.

On the company’s financial health, Canadian National Railway (USA) reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.20. The company had revenue of $3014.00 million for the quarter, compared to analysts expectations of $3076.83 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.26 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Seaport Global Securities Initiated Canadian National Railway (USA) on Oct 28, 2016 to “Neutral”, Price Target of the shares are set at $64.Company shares were Reiterated by Stifel on Oct 26, 2016 to “Hold”, Firm has raised the Price Target to $ 66 from a previous price target of $62 .Company shares were Reiterated by Cowen on Oct 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .

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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