15,526 Canadian National Railway Company $CNI Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. reduced its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,164 shares of the transportation company’s stock after selling 15,526 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Canadian National Railway were worth $20,184,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CNI. Minot DeBlois Advisors LLC boosted its stake in shares of Canadian National Railway by 2.0% during the 4th quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after buying an additional 103 shares during the period. Grove Bank & Trust increased its stake in shares of Canadian National Railway by 20.4% in the second quarter. Grove Bank & Trust now owns 673 shares of the transportation company’s stock worth $80,000 after acquiring an additional 114 shares during the last quarter. Ruggaard & Associates LLC increased its holdings in Canadian National Railway by 3.8% in the fourth quarter. Ruggaard & Associates LLC now owns 3,326 shares of the transportation company’s stock worth $329,000 after buying an additional 123 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Canadian National Railway by 5.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,840 shares of the transportation company’s stock valued at $292,000 after purchasing an additional 136 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Canadian National Railway by 9.2% in the first quarter. Parallel Advisors LLC now owns 1,709 shares of the transportation company’s stock worth $176,000 after buying an additional 144 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CNI. Susquehanna decreased their price target on shares of Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Argus restated a “hold” rating on shares of Canadian National Railway in a research note on Monday, August 31st. Barclays lifted their price objective on Canadian National Railway from $109.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Finally, Citigroup cut their target price on Canadian National Railway from $151.00 to $143.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.49.

Canadian National Railway Price Performance

CNI traded up $0.42 during trading on Tuesday, hitting $118.94. The company’s stock had a trading volume of 728,770 shares, compared to its average volume of 1,520,054. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $71.85 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The firm’s 50 day moving average price is $122.85 and its two-hundred day moving average price is $118.61. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. Sell-side analysts forecast that Canadian National Railway Company will post 5.80 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th were paid a dividend of C$0.92 per share. This represents a $3.66 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Canadian National Railway’s dividend payout ratio is 46.10%.

About Canadian National Railway

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

CN transports a broad range of commodities and manufactured goods, including forest products, grain and fertilizers, coal, metals and minerals, petroleum and chemicals, automotive products, and consumer goods.