Choate Investment Advisors Has $12.87 Million Stock Position in Canadian National Railway Company $CNI

Choate Investment Advisors lowered its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 130,210 shares of the transportation company’s stock after selling 8,972 shares during the period. Choate Investment Advisors’ holdings in Canadian National Railway were worth $12,871,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CNI. Lazard Asset Management LLC lifted its stake in shares of Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after purchasing an additional 8,954,310 shares during the period. Troy Asset Management Ltd lifted its stake in shares of Canadian National Railway by 158.8% in the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after purchasing an additional 1,680,223 shares during the period. Quadrature Capital Ltd lifted its stake in shares of Canadian National Railway by 1,693.5% in the 3rd quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after purchasing an additional 1,642,700 shares during the period. Bank of America Corp DE lifted its stake in shares of Canadian National Railway by 52.0% in the 3rd quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock valued at $257,814,000 after purchasing an additional 935,425 shares during the period. Finally, Fiera Capital Corp lifted its stake in shares of Canadian National Railway by 11.6% in the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock valued at $610,076,000 after purchasing an additional 671,127 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNI. Citigroup increased their price target on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Evercore lowered their price objective on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Price Performance

CNI opened at $114.24 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $115.80. The company has a fifty day simple moving average of $108.20 and a 200 day simple moving average of $103.08. The stock has a market cap of $69.43 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.19 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is 48.73%.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.