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

Montrusco Bolton Investments Inc. reduced its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 8.0% in the 4th 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 quarter. Montrusco Bolton Investments Inc.'s holdings in Canadian National Railway were worth $25,679,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in Canadian National Railway during the second quarter worth about $1,725,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Canadian National Railway by 11.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,687 shares of the transportation company's stock valued at $1,617,000 after purchasing an additional 1,445 shares during the period. NewEdge Advisors LLC raised its stake in shares of Canadian National Railway by 34.0% in the second quarter. NewEdge Advisors LLC now owns 7,464 shares of the transportation company's stock valued at $882,000 after purchasing an additional 1,892 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Canadian National Railway by 10.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 4,573 shares of the transportation company's stock worth $540,000 after buying an additional 417 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in Canadian National Railway by 6.4% in the 2nd quarter. Truist Financial Corp now owns 25,546 shares of the transportation company's stock valued at $3,018,000 after buying an additional 1,534 shares during the period. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNI. Wells Fargo & Company decreased their price objective on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Stifel Nicolaus upgraded Canadian National Railway from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $132.00 to $120.00 in a research note on Thursday, January 16th. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Finally, Bank of America dropped their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $124.02.

Canadian National Railway Stock Up 0.4 %

Shares of CNI traded up $0.39 on Wednesday, hitting $105.51. The company's stock had a trading volume of 964,946 shares, compared to its average volume of 1,263,197. The firm's fifty day moving average price is $104.72 and its 200-day moving average price is $111.16. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. 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 firm has a market capitalization of $66.35 billion, a price-to-earnings ratio of 16.91, 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.