Koch Industries Inc. Purchases New Position in Canadian National Railway (NYSE:CNI)

Koch Industries Inc. bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,117 shares of the transportation company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNI. Harding Loevner LP grew its holdings in Canadian National Railway by 2,838.1% during the 3rd quarter. Harding Loevner LP now owns 180,965,047 shares of the transportation company’s stock worth $366,305,000 after acquiring an additional 174,805,844 shares during the period. Mackenzie Financial Corp grew its holdings in Canadian National Railway by 100.7% during the 4th quarter. Mackenzie Financial Corp now owns 6,556,905 shares of the transportation company’s stock worth $540,945,000 after acquiring an additional 3,289,767 shares during the period. Picton Mahoney Asset Management acquired a new stake in Canadian National Railway during the 4th quarter worth $141,338,000. The Manufacturers Life Insurance Company grew its holdings in Canadian National Railway by 29.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,941,493 shares of the transportation company’s stock worth $490,174,000 after acquiring an additional 1,344,029 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Canadian National Railway by 543.8% during the 4th quarter. Schroder Investment Management Group now owns 1,115,635 shares of the transportation company’s stock worth $115,636,000 after acquiring an additional 942,338 shares during the period. 55.18% of the stock is owned by hedge funds and other institutional investors.

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CNI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Deutsche Bank lowered their target price on shares of Canadian National Railway from $74.00 to $69.00 and set a “sell” rating for the company in a report on Friday, February 16th. Argus lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Credit Suisse Group reduced their price target on shares of Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Finally, Macquarie raised shares of Canadian National Railway from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $82.35.

Shares of NYSE CNI traded down $0.67 during midday trading on Friday, reaching $73.98. 1,533,884 shares of the stock were exchanged, compared to its average volume of 1,339,430. The stock has a market cap of $55,254.82, a price-to-earnings ratio of 19.27, a P/E/G ratio of 2.00 and a beta of 1.04. Canadian National Railway has a 12 month low of $70.59 and a 12 month high of $85.73. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 0.53.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.04). The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.61 billion. Canadian National Railway had a net margin of 42.25% and a return on equity of 24.62%. research analysts anticipate that Canadian National Railway will post 4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 8th were given a $0.3665 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.47 annualized dividend and a yield of 1.98%. The ex-dividend date was Wednesday, March 7th. Canadian National Railway’s payout ratio is currently 36.72%.

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About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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