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

Mn Services Vermogensbeheer B.V. grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 214,760 shares of the transportation company’s stock after buying an additional 4,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Canadian National Railway were worth $21,797,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CNI. Fortitude Family Office LLC increased its position in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the period. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the period. Coastline Trust Co acquired a new stake in shares of Canadian National Railway during the third quarter worth $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CNI. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Wells Fargo & Company dropped their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Finally, Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $99.91 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $102.53 and a two-hundred day simple moving average of $109.13. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The firm has a market capitalization of $62.77 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. Analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.47%. Canadian National Railway’s dividend payout ratio is 47.66%.

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.