Mn Services Vermogensbeheer B.V. Has $24.67 Million Stock Position in Canadian National Railway (NYSE:CNI)

Mn Services Vermogensbeheer B.V. decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,460 shares of the transportation company’s stock after selling 7,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Canadian National Railway were worth $24,672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC increased its stake in shares of Canadian National Railway by 0.8% during the 1st quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock worth $1,505,000 after purchasing an additional 93 shares during the last quarter. Grove Bank & Trust increased its position in Canadian National Railway by 15.3% during the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Canadian National Railway by 2.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after buying an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Canadian National Railway by 1.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after buying an additional 102 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Canadian National Railway by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

CNI has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein dropped their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Barclays raised their price target on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Citigroup boosted their price objective on Canadian National Railway from $125.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Stephens restated an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $125.18.

Canadian National Railway Price Performance

NYSE:CNI opened at $108.00 on Tuesday. The stock’s 50-day simple moving average is $115.20 and its 200 day simple moving average is $118.57. Canadian National Railway has a 52-week low of $107.54 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market cap of $67.91 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.43 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, sell-side analysts forecast that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.26%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.26%.

About Canadian National Railway

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.