Canadian National Railway Company $CNI Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,246,556 shares of the transportation company’s stock after selling 4,897 shares during the period. Canadian National Railway comprises 1.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 23rd biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.21% of Canadian National Railway worth $148,216,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC raised its holdings in shares of Canadian National Railway by 2.0% in the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after purchasing an additional 173,894 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Canadian National Railway by 5.8% during the third quarter. TD Waterhouse Canada Inc. now owns 4,546,356 shares of the transportation company’s stock worth $532,519,000 after purchasing an additional 248,401 shares during the last quarter. Canoe Financial LP boosted its holdings in Canadian National Railway by 17.2% during the first quarter. Canoe Financial LP now owns 3,426,466 shares of the transportation company’s stock worth $352,527,000 after purchasing an additional 502,424 shares during the last quarter. Swiss National Bank boosted its holdings in Canadian National Railway by 26.3% during the first quarter. Swiss National Bank now owns 1,761,000 shares of the transportation company’s stock worth $180,986,000 after purchasing an additional 367,100 shares during the last quarter. Finally, Cardinal Capital Management Inc. boosted its holdings in Canadian National Railway by 5.8% during the second quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock worth $149,384,000 after purchasing an additional 68,791 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

NYSE:CNI opened at $123.08 on Monday. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $131.55. The firm 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. The stock’s 50 day moving average price is $121.92 and its two-hundred day moving average price is $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.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on CNI. Susquehanna lowered their price target on shares of Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. 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 report on Thursday, August 13th. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Finally, Citizens Jmp initiated coverage on Canadian National Railway in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.