Canadian National Railway Company $CNI Shares Bought by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 22.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,997 shares of the transportation company’s stock after buying an additional 48,646 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Canadian National Railway were worth $27,660,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CNI. Farther Finance Advisors LLC increased its position in shares of Canadian National Railway by 312.8% in the 1st quarter. Farther Finance Advisors LLC now owns 5,441 shares of the transportation company’s stock valued at $537,000 after purchasing an additional 4,123 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 171 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Canadian National Railway by 60.6% in the 1st quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company’s stock valued at $948,000 after purchasing an additional 3,671 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Canadian National Railway by 3.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 18,970 shares of the transportation company’s stock valued at $1,846,000 after purchasing an additional 581 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Canadian National Railway in the 1st quarter valued at approximately $39,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 1.0%

Shares of Canadian National Railway stock opened at $94.51 on Monday. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $116.79. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market capitalization of $58.67 billion, a P/E ratio of 18.18, a PEG ratio of 2.14 and a beta of 0.96. The company’s fifty day moving average is $94.54 and its two-hundred day moving average is $98.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were given a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 8th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s payout ratio is 50.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Bank of America dropped their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Royal Bank Of Canada dropped their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Argus raised shares of Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. Finally, Citigroup dropped their target price on shares of Canadian National Railway from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.30.

Canadian National Railway Company 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.