Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 4,897 Shares of Canadian National Railway Company $CNI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.4% during the 3rd quarter, Holdings Channel reports. The fund owned 1,246,556 shares of the transportation company’s stock after selling 4,897 shares during the period. Canadian National Railway makes up about 1.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 23rd largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Canadian National Railway were worth $148,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of CNI. Norris Perne & French LLP MI acquired a new position in shares of Canadian National Railway in the third quarter valued at approximately $218,000. Signaturefd LLC increased its stake in shares of Canadian National Railway by 4.1% during the third quarter. Signaturefd LLC now owns 8,687 shares of the transportation company’s stock worth $1,033,000 after purchasing an additional 339 shares during the period. Lorne Steinberg Wealth Management Inc. lifted its holdings in Canadian National Railway by 3.0% during the 3rd quarter. Lorne Steinberg Wealth Management Inc. now owns 122,009 shares of the transportation company’s stock worth $14,522,000 after purchasing an additional 3,529 shares during the last quarter. Gibbs Wealth Management lifted its holdings in Canadian National Railway by 12.9% during the 3rd quarter. Gibbs Wealth Management now owns 10,611 shares of the transportation company’s stock worth $1,262,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Canadian National Railway by 3.3% during the 3rd quarter. Sterling Capital Management LLC now owns 8,266 shares of the transportation company’s stock worth $983,000 after purchasing an additional 264 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 0.1%

CNI opened at $123.08 on Monday. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $131.55. The company has a 50-day simple moving average of $121.92 and a 200 day simple moving average of $119.79. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $74.16 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.21 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the company posted $1.87 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts predict that Canadian National Railway Company will post 5.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on CNI shares. Argus restated a “hold” rating on shares of Canadian National Railway in a research note on Monday, August 31st. Weiss Ratings upgraded Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Barclays lifted their target price on Canadian National Railway from $109.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Finally, Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $137.49.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.