Jarislowsky Fraser Ltd Lowers stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Jarislowsky Fraser Ltd reduced its stake in Canadian National Railway (USA) by 11.32% during the most recent quarter end. The investment management company now holds a total of 10,626,200 shares of Canadian National Railway (USA) which is valued at $677,420,250 after selling 1,356,648 shares in Canadian National Railway (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Canadian National Railway (USA) makes up approximately 4.58% of Jarislowsky Fraser Ltd’s portfolio.

Other Hedge Funds, Including , Schonfeld Strategic Advisors added CNI to its portfolio by purchasing 7,020 company shares during the most recent quarter which is valued at $447,525. Canadian National Railway (USA) makes up approx 0.08% of Schonfeld Strategic Advisors’s portfolio.Brown Advisory Securities boosted its stake in CNI in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 8,954 shares of Canadian National Railway (USA) which is valued at $579,413. Canadian National Railway (USA) makes up approx 0.17% of Brown Advisory Securities’s portfolio.Sii Investments Incwi boosted its stake in CNI in the latest quarter, The investment management firm added 1,025 additional shares and now holds a total of 8,225 shares of Canadian National Railway (USA) which is valued at $532,240. Canadian National Railway (USA) makes up approx 0.04% of Sii Investments Incwi’s portfolio. Tarbox Group sold out all of its stake in CNI during the most recent quarter. The investment firm sold 40 shares of CNI which is valued $2,515.

Canadian National Railway (USA) opened for trading at $63.93 and hit $64.475 on the upside on Monday, eventually ending the session at $64.39, with a gain of 0.33% or 0.21 points. The heightened volatility saw the trading volume jump to 6,76,431 shares. Company has a market cap of $49,439 M.

On the company’s financial health, Canadian National Railway (USA) reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.20. The company had revenue of $3014.00 million for the quarter, compared to analysts expectations of $3076.83 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.26 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Seaport Global Securities Initiated Canadian National Railway (USA) on Oct 28, 2016 to “Neutral”, Price Target of the shares are set at $64.Company shares were Reiterated by Stifel on Oct 26, 2016 to “Hold”, Firm has raised the Price Target to $ 66 from a previous price target of $62 .Company shares were Reiterated by Cowen on Oct 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company’s network of approximately 20000 route miles of track spans Canada and mid-America from the Atlantic and Pacific oceans to the Gulf of Mexico serving the ports of Vancouver Prince Rupert (British Columbia) Montreal Halifax New Orleans and Mobile (Alabama) and the metropolitan areas of Toronto Buffalo Chicago Detroit Duluth (Minnesota)/Superior (Wisconsin) Green Bay (Wisconsin) Minneapolis/St. Paul Memphis and Jackson (Mississippi) with connections to all points in North America.

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