Montrusco Bolton Investments Inc. Decreases Stock Position in Canadian National Railway (NYSE:CNI)

Montrusco Bolton Investments Inc. trimmed its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,828,979 shares of the transportation company’s stock after selling 151,312 shares during the quarter. Canadian National Railway makes up 2.9% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 17th largest position. Montrusco Bolton Investments Inc.’s holdings in Canadian National Railway were worth $231,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. JFS Wealth Advisors LLC boosted its stake in shares of Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 229 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares during the last quarter. Rational Advisors LLC bought a new stake in Canadian National Railway in the 3rd quarter worth $41,000. Crewe Advisors LLC purchased a new position in shares of Canadian National Railway in the third quarter valued at about $43,000. Finally, Keener Financial Planning LLC bought a new position in shares of Canadian National Railway during the fourth quarter valued at about $46,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CNI shares. Wells Fargo & Company boosted their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. StockNews.com downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Stifel Nicolaus upped their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Jefferies Financial Group initiated coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 price target for the company. Finally, Citigroup increased their target price on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Eighteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average price target of $149.05.

Canadian National Railway Price Performance

Canadian National Railway stock traded up $0.77 during mid-day trading on Friday, hitting $127.34. The stock had a trading volume of 644,955 shares, compared to its average volume of 1,085,358. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $81.07 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.22 and a beta of 0.89. The firm’s 50 day moving average is $128.08 and its 200 day moving average is $124.25.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.16 billion. On average, sell-side analysts forecast that Canadian National Railway will post 5.9 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.625 per share. The ex-dividend date is Friday, June 7th. This represents a $2.50 annualized dividend and a yield of 1.96%. Canadian National Railway’s payout ratio is 39.71%.

Canadian National Railway 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.