Canadian National Railway (NYSE:CNI) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lessened its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,600 shares of the transportation company’s stock after selling 118 shares during the quarter. Lindbrook Capital LLC’s holdings in Canadian National Railway were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CNI. Tacita Capital Inc increased its stake in shares of Canadian National Railway by 0.4% in the third quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company’s stock worth $2,972,000 after acquiring an additional 97 shares during the period. Signaturefd LLC raised its stake in shares of Canadian National Railway by 1.0% during the 3rd quarter. Signaturefd LLC now owns 10,739 shares of the transportation company’s stock valued at $1,163,000 after buying an additional 110 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in shares of Canadian National Railway by 1.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,496 shares of the transportation company’s stock valued at $1,137,000 after buying an additional 111 shares during the period. First Foundation Advisors boosted its stake in shares of Canadian National Railway by 0.9% in the third quarter. First Foundation Advisors now owns 12,852 shares of the transportation company’s stock worth $1,392,000 after buying an additional 111 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in Canadian National Railway by 17.4% during the third quarter. Hexagon Capital Partners LLC now owns 761 shares of the transportation company’s stock worth $82,000 after acquiring an additional 113 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

NYSE:CNI opened at $129.32 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The stock has a 50 day moving average price of $129.72 and a 200 day moving average price of $122.04. The stock has a market cap of $82.60 billion, a PE ratio of 20.40, a P/E/G ratio of 2.22 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Equities research analysts expect that Canadian National Railway will post 5.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNI. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Citigroup increased their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group began coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 target price on the stock. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.52.

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.