Entropy Technologies LP Has $252,000 Position in Canadian National Railway Company (NYSE:CNI)

Entropy Technologies LP lowered its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 78.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,590 shares of the transportation company's stock after selling 9,354 shares during the quarter. Entropy Technologies LP's holdings in Canadian National Railway were worth $252,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CNI. Raymond James Financial Inc. acquired a new stake in Canadian National Railway during the fourth quarter worth approximately $28,022,000. Townsquare Capital LLC grew its position in Canadian National Railway by 89.5% during the fourth quarter. Townsquare Capital LLC now owns 3,883 shares of the transportation company's stock worth $394,000 after buying an additional 1,834 shares in the last quarter. NewEdge Advisors LLC grew its position in Canadian National Railway by 55.8% during the fourth quarter. NewEdge Advisors LLC now owns 5,296 shares of the transportation company's stock worth $538,000 after buying an additional 1,896 shares in the last quarter. Marshall Wace LLP grew its position in Canadian National Railway by 14.0% during the fourth quarter. Marshall Wace LLP now owns 83,138 shares of the transportation company's stock worth $8,439,000 after buying an additional 10,212 shares in the last quarter. Finally, Coleford Investment Management Ltd. acquired a new stake in Canadian National Railway during the fourth quarter worth approximately $15,537,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Analysts Set New Price Targets

CNI has been the topic of a number of analyst reports. Barclays reduced their price target on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada cut their target price on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Argus upgraded Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Stephens upped their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, Evercore ISI cut Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Hold" and an average price target of $118.36.

Canadian National Railway Stock Performance

NYSE CNI opened at $92.85 on Friday. The company has a market capitalization of $58.17 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.09 and a beta of 0.94. Canadian National Railway Company has a twelve month low of $91.65 and a twelve month high of $121.12. The stock has a fifty day simple moving average of $100.36 and a 200 day simple moving average of $100.62. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.84 earnings per share. Sell-side analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway's dividend payout ratio (DPR) is currently 49.81%.

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.

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