Published: Tue, March 20, 2018
Business | By Tara Barton

Flinton Capital Management LLC Cuts Stake in Canadian National Railway (CNI)


OLD Mutual Customised Solutions Proprietary Ltd. now owns 42,900 shares of the transportation company's stock worth $3,549,000 after purchasing an additional 14,800 shares during the last quarter. The hedge fund held 58,266 shares of the oil & gas production company at the end of 2017Q3, valued at $23.55 million, up from 44,610 at the end of the previous reported quarter. The firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.61 billion. Envestnet Asset Management Inc. now owns 107,203 shares of the transportation company's stock worth $8,846,000 after purchasing an additional 2,804 shares during the last quarter. The company had a trading volume of 598,847 shares, compared to its average volume of 1,583,074. Harris Corporation (HRS) has risen 39.09% since March 20, 2017 and is uptrending.

Jones Collombin Investment Counsel Inc decreased its stake in Canadian Natl Ry Co (CNI) by 4.69% based on its latest 2017Q3 regulatory filing with the SEC. Moreover, Reliant Investment Management Llc has 3.72% invested in the company for 33,581 shares. The company has a market capitalization of $71,450.00, a price-to-earnings ratio of 13.06 and a beta of 0.58.

The stock increased 0.26% or $0.19 during the last trading session, reaching $72.93. About 155,046 shares traded. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since March 19, 2017 and is uptrending. It has outperformed by 13.33% the S&P500.

Northern Trust Corp decreased Itt Inc stake by 17,461 shares to 740,714 valued at $32.79 million in 2017Q3.

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Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) has earned an average recommendation of "Buy" from the fourteen ratings firms that are now covering the company, MarketBeat Ratings reports. Therefore 63% are positive. Canadian National Railway had 55 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of CP in report on Wednesday, December 9 with "Sector Perform" rating. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and increased their price objective for the company from C$110.00 to C$115.00 in a research report on Thursday, November 30th. Canaccord Genuity upgraded Canadian National Railway Company (NYSE:CNI) on Tuesday, July 21 to "Buy" rating. Credit Suisse maintained it with "Hold" rating and $75.0 target in Thursday, March 8 report. Finally, Credit Suisse Group reaffirmed an "outperform" rating and issued a $200.00 price objective (down from $209.00) on shares of Canadian Pacific Railway in a research note on Thursday, March 8th. On Monday, December 19 the stock rating was upgraded by Jefferies to "Buy". Deutsche Bank maintained Canadian National Railway Company (NYSE:CNI) rating on Friday, February 16. Bank of America has "Buy" rating and $17 target. Zacks Investment Research lowered Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, December 11th. The stock has "Equal Weight" rating by Barclays Capital on Wednesday, October 28.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. T_CNR's profit would be $807.37 million giving it 21.99 P/E if the $1.09 EPS is correct. The Company operates through rail transportation segment.

Investors sentiment decreased to 1.12 in 2017 Q3.

Since January 1, 0001, it had 0 buys, and 3 sales for $12.22 million activity. It dived, as 61 investors sold RF shares while 185 reduced holdings. Qs Lc reported 2 shares or 0% of all its holdings. Fmr Lc holds 0% or 29,600 shares in its portfolio. Assetmark Inc reported 45,728 shares stake. Argus Research initiated the shares of CNI in report on Tuesday, June 21 with "Buy" rating. Lagoda Mgmt Lp has 2.91% invested in Texas Pacific Land Trust (NYSE:TPL) for 19,930 shares. Hendershot Invests Incorporated stated it has 830 shares. Plante Moran Fincl Ltd Liability Corporation accumulated 1,044 shares or 0.01% of the stock. Toronto Dominion Bancorporation owns 0.02% invested in Regions Financial Corporation (NYSE:RF) for 453,618 shares. Vanguard Gru reported 14,004 shares. Mason Street Advsrs has invested 0.06% in Regions Financial Corporation (NYSE:RF).

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