Reynders McVeigh Capital Management LLC Sells 55,406 Shares of Canadian National Railway (NYSE:CNI)

Reynders McVeigh Capital Management LLC reduced its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,997 shares of the transportation company's stock after selling 55,406 shares during the quarter. Reynders McVeigh Capital Management LLC's holdings in Canadian National Railway were worth $13,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new position in shares of Canadian National Railway in the 4th quarter worth $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway in the fourth quarter worth $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 valued at $34,000 after acquiring an additional 108 shares during the period. 80.74% of the stock is currently owned by institutional investors.

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Canadian National Railway Price Performance

Shares of CNI stock traded down $1.66 on Tuesday, reaching $98.53. The company's stock had a trading volume of 1,106,685 shares, compared to its average volume of 1,277,703. The stock's fifty day simple moving average is $99.19 and its 200-day simple moving average is $104.66. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $130.63. The company has a market capitalization of $61.92 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date was Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.50%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is currently 47.66%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CNI. JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Citigroup dropped their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group reduced their price objective on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus decreased their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday. Finally, Barclays cut their price target on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.36.

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.