Canadian National Railway (NYSE:CNI) Stock Holdings Decreased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 3.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of Canadian National Railway by 45.0% during the 3rd quarter. Van ECK Associates Corp now owns 233,110 shares of the transportation company's stock worth $26,126,000 after purchasing an additional 72,320 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Canadian National Railway by 4.3% during the third quarter. Janney Montgomery Scott LLC now owns 128,771 shares of the transportation company's stock worth $15,086,000 after buying an additional 5,301 shares during the period. Pembroke Management LTD increased its stake in Canadian National Railway by 36.6% during the third quarter. Pembroke Management LTD now owns 5,493 shares of the transportation company's stock worth $644,000 after purchasing an additional 1,473 shares during the period. White Pine Investment CO lifted its holdings in Canadian National Railway by 2.3% during the 3rd quarter. White Pine Investment CO now owns 48,755 shares of the transportation company's stock worth $5,712,000 after buying an additional 1,112 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Canadian National Railway by 310.5% in the third quarter. Farther Finance Advisors LLC now owns 1,404 shares of the transportation company's stock valued at $164,000 after purchasing an additional 1,062 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 1.0 %

NYSE:CNI traded up $1.07 on Tuesday, reaching $109.07. The stock had a trading volume of 870,041 shares, compared to its average volume of 1,107,855. The firm's fifty day moving average is $115.02 and its two-hundred day moving average is $118.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The company has a market cap of $68.58 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 2.43 and a beta of 0.89. Canadian National Railway has a 12-month low of $107.54 and a 12-month high of $134.02.

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

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.24%. Canadian National Railway's payout ratio is 39.26%.

Analysts Set New Price Targets

CNI has been the topic of several analyst reports. Royal Bank of Canada raised shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Susquehanna cut their price target on Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Scotiabank raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 10th. Stephens reiterated an "equal weight" rating and issued a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on Canadian National Railway from $120.00 to $121.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $125.18.

Canadian National Railway Company 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.