Entropy Technologies LP Buys New Shares in Canadian National Railway (NYSE:CNI)

Entropy Technologies LP acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,440 shares of the transportation company's stock, valued at approximately $2,043,000.

Several other hedge funds also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Canadian National Railway in the second quarter valued at $26,000. Addison Advisors LLC raised its position in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock worth $28,000 after purchasing an additional 148 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Canadian National Railway in the 2nd quarter valued at $34,000. Finally, Reston Wealth Management LLC purchased a new position in Canadian National Railway in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on CNI. Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. Benchmark reaffirmed a "hold" rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Wells Fargo & Company raised shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 target price on the stock in a research note on Monday, October 7th. The Goldman Sachs Group decreased their target price on Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a research report on Wednesday, October 9th. Finally, Barclays upped their price target on Canadian National Railway from $120.00 to $121.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $125.48.

Canadian National Railway Stock Down 0.2 %

Shares of NYSE CNI traded down $0.20 during mid-day trading on Wednesday, reaching $111.37. 562,446 shares of the company traded hands, compared to its average volume of 1,113,706. The company's fifty day moving average is $114.46 and its two-hundred day moving average is $117.93. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. Canadian National Railway has a fifty-two week low of $107.54 and a fifty-two week high of $134.02. The stock has a market cap of $70.03 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company posted $1.26 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway's dividend payout ratio is 39.26%.

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.