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

Key Points

• Montrusco Bolton Investments Inc. has increased its holdings in Canadian National Railway Company by 22.4%, now owning 265,997 shares valued at approximately $27.66 million.
• Canadian National Railway's quarterly earnings report showed an EPS of $1.35, which was below the consensus estimate of $1.37; the company’s revenue declined by 1.3% year-over-year.
• The company announced an increase in its quarterly dividend from $0.62 to $0.6507 per share, resulting in an annualized yield of 2.8%.

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new position in Canadian National Railway during the first quarter valued at $32,000. CX Institutional purchased a new position in Canadian National Railway in the first quarter valued at $39,000. Brooklyn Investment Group increased its holdings in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after buying an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company's stock valued at $58,000 after buying an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after buying an additional 171 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CNI. Wall Street Zen cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Saturday, October 4th. Royal Bank Of Canada cut their target price on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Susquehanna cut their target price on shares of Canadian National Railway from $120.00 to $115.00 and set a "positive" rating for the company in a research note on Thursday, September 25th. Raymond James Financial raised shares of Canadian National Railway from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 17th. Finally, Barclays lowered their price target on shares of Canadian National Railway from $99.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $114.30.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $94.51 on Monday. The firm has a 50 day simple moving average of $94.54 and a 200-day simple moving average of $98.94. 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 current ratio of 0.82 and a quick ratio of 0.58. The stock has a market cap of $58.67 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 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 company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. The business's revenue was down 1.3% compared to the same quarter last year. On average, analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were issued a dividend of $0.6507 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway's dividend payout ratio (DPR) is currently 50.19%.

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.

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