Entropy Technologies LP Takes $2.04 Million Position in Canadian National Railway (NYSE:CNI)

Entropy Technologies LP acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,440 shares of the transportation company’s stock, valued at approximately $2,043,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway during the second quarter worth about $26,000. Addison Advisors LLC boosted its position in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares during the period. Fortitude Family Office LLC grew its holdings 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 worth $30,000 after acquiring an additional 229 shares during the last quarter. ORG Partners LLC acquired a new position in Canadian National Railway in the 2nd quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC bought a new position in shares of Canadian National Railway during the third quarter valued at $41,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CNI shares. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Stifel Nicolaus lifted their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group decreased their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Evercore ISI dropped their price target on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective on the stock in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $125.48.

Canadian National Railway Stock Down 0.1 %

Shares of NYSE:CNI opened at $111.57 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. Canadian National Railway has a 52-week low of $107.54 and a 52-week high of $134.02. The business’s 50 day simple moving average is $114.58 and its two-hundred day simple moving average is $118.03. The firm has a market cap of $70.16 billion, a P/E ratio of 17.88, a PEG ratio of 2.52 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. As a group, research analysts forecast that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is presently 39.26%.

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.