Mn Services Vermogensbeheer B.V. Purchases 4,300 Shares of Canadian National Railway (NYSE:CNI)

Mn Services Vermogensbeheer B.V. lifted its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,760 shares of the transportation company's stock after buying an additional 4,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Canadian National Railway were worth $21,797,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after buying an additional 229 shares during the period. Coastline Trust Co bought a new position in shares of Canadian National Railway in the 3rd quarter worth $34,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Canadian National Railway Trading Down 3.0 %

Shares of NYSE CNI traded down $3.08 during trading hours on Monday, hitting $98.28. The company's stock had a trading volume of 1,432,185 shares, compared to its average volume of 1,389,816. Canadian National Railway has a 12 month low of $98.18 and a 12 month high of $134.02. The stock has a market cap of $61.75 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The business has a 50-day simple moving average of $102.53 and a 200-day simple moving average of $109.04.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.51%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is 47.66%.

Analyst Upgrades and Downgrades

CNI has been the subject of several research analyst reports. Citigroup raised Canadian National Railway from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Royal Bank of Canada dropped their target price on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Bank of America decreased their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays cut their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.19.

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.