Entropy Technologies LP Purchases New Stake in Canadian National Railway Company $CNI

Entropy Technologies LP acquired a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the fourth quarter, Holdings Channel reports. The fund acquired 15,832 shares of the transportation company’s stock, valued at approximately $1,565,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Canadian National Railway by 52.4% in the 4th quarter. Barclays PLC now owns 284,145 shares of the transportation company’s stock worth $28,088,000 after acquiring an additional 97,666 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Canadian National Railway by 2.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,165,148 shares of the transportation company’s stock valued at $609,582,000 after purchasing an additional 173,410 shares during the period. Foresight Global Investors Inc. grew its position in Canadian National Railway by 0.3% in the 4th quarter. Foresight Global Investors Inc. now owns 156,005 shares of the transportation company’s stock worth $15,421,000 after purchasing an additional 401 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Canadian National Railway by 176.0% in the fourth quarter. Kestra Advisory Services LLC now owns 14,006 shares of the transportation company’s stock valued at $1,384,000 after purchasing an additional 8,931 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $469,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup raised their target price on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Royal Bank Of Canada lifted their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Sanford C. Bernstein raised their target price on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Trading Down 1.3%

Shares of CNI stock opened at $117.47 on Tuesday. The stock has a 50-day simple moving average of $113.59 and a 200 day simple moving average of $105.82. The stock has a market capitalization of $71.27 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.28 and a beta of 0.96. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $122.48. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the company earned $1.85 EPS. Canadian National Railway’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.1%. Canadian National Railway’s dividend payout ratio is currently 48.55%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.