Mn Services Vermogensbeheer B.V. Has $25.73 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,760 shares of the transportation company’s stock after selling 3,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Canadian National Railway were worth $25,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Canadian National Railway in the 4th quarter valued at $769,556,000. Canoe Financial LP lifted its holdings in shares of Canadian National Railway by 8,401.1% during the fourth quarter. Canoe Financial LP now owns 4,007,186 shares of the transportation company’s stock valued at $503,423,000 after acquiring an additional 3,960,049 shares during the period. Capital International Investors boosted its stake in shares of Canadian National Railway by 63.2% in the 4th quarter. Capital International Investors now owns 7,623,561 shares of the transportation company’s stock valued at $957,845,000 after purchasing an additional 2,951,506 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Canadian National Railway by 92.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock worth $593,911,000 after purchasing an additional 2,163,820 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Canadian National Railway by 9.6% during the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after purchasing an additional 1,907,938 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $146.25 to $130.67 in a research report on Monday, July 8th. Barclays reduced their target price on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Stephens cut their price objective on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus decreased their target price on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Sixteen research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.35.

Canadian National Railway Trading Up 2.5 %

Shares of NYSE:CNI traded up $2.86 during trading on Friday, hitting $117.56. 1,569,050 shares of the company’s stock were exchanged, compared to its average volume of 951,445. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The firm has a market cap of $74.03 billion, a P/E ratio of 18.75, a PEG ratio of 2.34 and a beta of 0.89. The firm has a 50-day moving average price of $116.40 and a two-hundred day moving average price of $123.79. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. Canadian National Railway’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 EPS. Equities analysts predict that Canadian National Railway will post 5.62 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a $0.614 dividend. This represents a $2.46 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is 39.23%.

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.