Entropy Technologies LP Has $1.21 Million Stock Position in Canadian National Railway (NYSE:CNI)

Entropy Technologies LP lowered its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 31.5% in the fourth quarter, HoldingsChannel reports. The fund owned 11,944 shares of the transportation company’s stock after selling 5,496 shares during the period. Entropy Technologies LP’s holdings in Canadian National Railway were worth $1,212,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Advisory Resource Group raised its holdings in Canadian National Railway by 19.3% during the 4th quarter. Advisory Resource Group now owns 10,014 shares of the transportation company’s stock worth $1,017,000 after purchasing an additional 1,623 shares during the last quarter. Hendershot Investments Inc. grew its position in shares of Canadian National Railway by 8.2% during the 4th quarter. Hendershot Investments Inc. now owns 112,751 shares of the transportation company’s stock worth $11,445,000 after buying an additional 8,564 shares during the period. Cidel Asset Management Inc. raised its stake in shares of Canadian National Railway by 5.4% during the fourth quarter. Cidel Asset Management Inc. now owns 388,919 shares of the transportation company’s stock worth $39,473,000 after buying an additional 19,978 shares during the last quarter. Tobam lifted its holdings in Canadian National Railway by 297.0% in the fourth quarter. Tobam now owns 2,517 shares of the transportation company’s stock valued at $256,000 after buying an additional 1,883 shares during the period. Finally, Financial Advocates Investment Management boosted its stake in Canadian National Railway by 11.7% in the fourth quarter. Financial Advocates Investment Management now owns 4,263 shares of the transportation company’s stock valued at $433,000 after acquiring an additional 446 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.8 %

CNI opened at $102.44 on Tuesday. The stock has a market capitalization of $64.42 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.94 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The firm’s fifty day simple moving average is $103.56 and its 200 day simple moving average is $110.15.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 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%. As a group, research analysts anticipate that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is currently 46.68%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 10th. Finally, Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.19.

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.