Kornitzer Capital Management Inc. KS Has $13.90 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Kornitzer Capital Management Inc. KS increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,616 shares of the transportation company’s stock after acquiring an additional 18,616 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Canadian National Railway were worth $13,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CNI. BCK Partners Inc. bought a new position in Canadian National Railway during the first quarter worth $2,575,000. BlackRock Inc. grew its holdings in shares of Canadian National Railway by 26.2% during the first quarter. BlackRock Inc. now owns 931,027 shares of the transportation company’s stock valued at $124,888,000 after buying an additional 193,116 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Canadian National Railway by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 762,341 shares of the transportation company’s stock valued at $102,260,000 after buying an additional 22,984 shares during the last quarter. Blair William & Co. IL boosted its holdings in Canadian National Railway by 1.4% during the first quarter. Blair William & Co. IL now owns 60,441 shares of the transportation company’s stock worth $8,107,000 after purchasing an additional 807 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Canadian National Railway by 18.9% in the first quarter. Allianz Asset Management GmbH now owns 33,602 shares of the transportation company’s stock valued at $4,511,000 after acquiring an additional 5,349 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.4 %

NYSE:CNI traded up $0.49 on Friday, reaching $127.65. 740,901 shares of the stock traded hands, compared to its average volume of 837,345. The company has a market capitalization of $81.53 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.21 and a beta of 0.88. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company’s fifty day simple moving average is $129.70 and its 200 day simple moving average is $121.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Equities analysts predict that Canadian National Railway will post 5.94 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a dividend of $0.638 per share. This represents a $2.55 annualized dividend and a yield of 2.00%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s payout ratio is 39.59%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNI. Jefferies Financial Group started coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They issued a “hold” rating and a $130.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 10th. Citigroup boosted their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Susquehanna Bancshares upped their price objective on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. Finally, Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Eighteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $147.52.

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.