Montrusco Bolton Investments Inc. Sells 35,657 Shares of Canadian National Railway Company (NYSE:CNI)

Montrusco Bolton Investments Inc. reduced its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 14.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,351 shares of the transportation company's stock after selling 35,657 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Canadian National Railway were worth $21,148,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway in the fourth quarter worth $30,000. Bruce G. Allen Investments LLC increased its position in Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after buying an additional 106 shares during the last quarter. CX Institutional purchased a new stake in Canadian National Railway in the first quarter worth $39,000. Murphy & Mullick Capital Management Corp purchased a new stake in Canadian National Railway in the fourth quarter worth $52,000. Finally, Dunhill Financial LLC increased its position in Canadian National Railway by 1,020.0% in the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock worth $57,000 after buying an additional 510 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

Canadian National Railway stock traded down $2.33 during midday trading on Friday, hitting $99.50. 2,900,107 shares of the company's stock were exchanged, compared to its average volume of 1,335,253. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $123.37. The stock has a 50-day moving average price of $104.64 and a two-hundred day moving average price of $101.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. The company has a market cap of $62.33 billion, a P/E ratio of 19.40, a PEG ratio of 2.06 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The company's revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.8875 per share. The ex-dividend date was Monday, June 9th. This represents a yield of 2.47%. This is a positive change from Canadian National Railway's previous dividend of $0.29. Canadian National Railway's payout ratio is 50.49%.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of recent research reports. Citigroup decreased their target price on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $163.00 price target on shares of Canadian National Railway in a research report on Thursday, June 5th. Bank of America lifted their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus reduced their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.86.

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.