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

Montrusco Bolton Investments Inc. cut its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.0% in the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have commented on CNI. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Wells Fargo & Company reduced their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Barclays decreased their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Trading Down 1.5 %

Shares of NYSE:CNI opened at $105.19 on Wednesday. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The business has a 50 day moving average of $104.72 and a 200-day moving average of $111.16. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The stock has a market cap of $66.15 billion, a PE ratio of 16.86, a P/E/G ratio of 2.36 and a beta of 0.91.

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.