Entropy Technologies LP Reduces Stock Position in Canadian National Railway (NYSE:CNI)

Entropy Technologies LP trimmed its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 31.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in shares of Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock valued at $2,175,935,000 after purchasing an additional 790,420 shares during the period. National Bank of Canada FI lifted its stake in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after purchasing an additional 2,137,948 shares during the period. Fiera Capital Corp lifted its stake in shares of Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company's stock valued at $642,828,000 after purchasing an additional 39,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock worth $464,002,000 after buying an additional 202,303 shares during the period. Finally, Geode Capital Management LLC raised its stake in Canadian National Railway by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock worth $302,895,000 after buying an additional 158,757 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNI. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Citigroup raised Canadian National Railway from a "neutral" rating to a "buy" rating and upped their price target for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada dropped their price target on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.19.

Canadian National Railway Stock Performance

Shares of CNI stock traded down $0.88 during trading on Friday, hitting $101.69. The company's stock had a trading volume of 1,412,653 shares, compared to its average volume of 1,401,522. The company has a market cap of $63.95 billion, a PE ratio of 19.86, 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. The business has a fifty day moving average of $102.98 and a 200-day moving average of $109.88. Canadian National Railway has a 52 week low of $98.69 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.42%. Canadian National Railway's dividend payout ratio is currently 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.