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

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

Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares during the period. Coastline Trust Co bought a new stake in Canadian National Railway in the 3rd quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the period. Reston Wealth Management LLC acquired a new stake in Canadian National Railway in the 3rd quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of Canadian National Railway during the 3rd quarter worth about $56,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CNI has been the subject of several research reports. Royal Bank of Canada reduced their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Bank of America lowered their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Stock Up 0.8 %

NYSE CNI opened at $102.44 on Tuesday. The stock’s 50 day simple moving average is $103.56 and its 200 day simple moving average is $110.15. Canadian National Railway has a one year low of $98.69 and a one year high of $134.02. The firm has a market cap of $64.42 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, sell-side analysts forecast that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

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

About Canadian National Railway

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.