Reynders McVeigh Capital Management LLC Decreases Holdings in Canadian National Railway (NYSE:CNI)

Reynders McVeigh Capital Management LLC reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 29.7% in the 4th quarter, according to its most recent filing 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 period. Reynders McVeigh Capital Management LLC’s holdings in Canadian National Railway were worth $13,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway in the 4th quarter valued at about $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Addison Advisors LLC increased its stake 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 purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $99.77 on Friday. The business’s 50-day simple moving average is $99.36 and its 200 day simple moving average is $104.90. The company has a market cap of $62.70 billion, a P/E ratio of 19.49, a PEG ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63.

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

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. The ex-dividend date was 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 (DPR) is currently 47.66%.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Susquehanna lowered their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus upped their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and an average target price of $121.19.

Canadian National Railway 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.