Canadian National Railway (NYSE:CNI) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Manning & Napier Advisors LLC purchased a new stake in Canadian National Railway during the 2nd quarter worth about $134,096,000. Koshinski Asset Management Inc. acquired a new position in Canadian National Railway during the 1st quarter worth approximately $627,000. Sterling Investment Management LLC increased its position in shares of Canadian National Railway by 17.2% in the 3rd quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock valued at $4,250,000 after purchasing an additional 5,329 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Canadian National Railway in the 1st quarter valued at $4,451,000. Finally, Sumitomo Life Insurance Co. acquired a new stake in shares of Canadian National Railway in the 2nd quarter valued at $1,321,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CNI. Bank of America lowered shares of Canadian National Railway from a “buy” rating to a “neutral” rating and dropped their price target for the company from $129.00 to $122.00 in a research note on Friday, October 4th. Evercore ISI cut their target price on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Barclays upped their target price 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. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Trading Down 0.2 %

Shares of Canadian National Railway stock opened at $108.00 on Tuesday. The company has a 50-day moving average of $115.20 and a two-hundred day moving average of $118.57. The stock has a market cap of $67.91 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $107.54 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 earnings per share. On average, research analysts anticipate that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

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

Canadian National Railway Profile

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.