Montrusco Bolton Investments Inc. Has $25.68 Million Holdings in Canadian National Railway (NYSE:CNI)

Montrusco Bolton Investments Inc. cut its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,008 shares of the transportation company’s stock after selling 21,884 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Canadian National Railway were worth $25,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI grew its holdings in shares of Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the last quarter. Canoe Financial LP acquired a new position in Canadian National Railway during the 4th quarter worth about $216,943,000. Point72 Asset Management L.P. acquired a new position in Canadian National Railway during the 3rd quarter worth about $159,907,000. Wellington Management Group LLP grew its holdings in Canadian National Railway by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Canadian National Railway by 64.5% in the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after acquiring an additional 584,832 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNI has been the topic of several research analyst reports. Bank of America decreased their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Stock Down 1.5 %

Shares of NYSE CNI opened at $105.19 on Wednesday. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market cap of $66.15 billion, a P/E ratio of 16.86, a P/E/G ratio of 2.36 and a beta of 0.91. The firm has a 50 day moving average price of $104.72 and a 200 day moving average price of $111.16.

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.