15,832 Shares in Canadian National Railway Company $CNI Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 15,832 shares of the transportation company’s stock, valued at approximately $1,565,000.

A number of other large investors also recently made changes to their positions in the business. Lincluden Management Ltd. grew its holdings in Canadian National Railway by 4.1% in the 3rd quarter. Lincluden Management Ltd. now owns 434,344 shares of the transportation company’s stock valued at $40,717,000 after buying an additional 17,257 shares during the period. Kensington Investment Counsel LLC purchased a new position in shares of Canadian National Railway during the 3rd quarter worth about $3,079,000. Scharf Investments LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter worth approximately $8,283,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Canadian National Railway in the third quarter worth approximately $32,174,000. Finally, Fisher Asset Management LLC grew its holdings in Canadian National Railway by 10.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock valued at $225,356,000 after purchasing an additional 216,963 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.3%

Shares of Canadian National Railway stock opened at $117.47 on Tuesday. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48. The stock has a market cap of $71.27 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average price of $113.59 and a 200 day moving average price of $105.82.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company posted $1.85 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is currently 48.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price target for the stock from $117.00 to $122.00 in a research note on Thursday, April 9th. Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Sanford C. Bernstein increased their target price on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Citigroup boosted their price target 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. Finally, Barclays upped their price target on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $122.04.

About Canadian National Railway

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.