Lindbrook Capital LLC Trims Holdings in Canadian National Railway (NYSE:CNI)

Lindbrook Capital LLC lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.9% in the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNI. Caisse DE Depot ET Placement DU Quebec grew its holdings in Canadian National Railway by 5.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock worth $1,421,649,000 after acquiring an additional 625,500 shares in the last quarter. Deutsche Bank AG increased its holdings in Canadian National Railway by 7.3% in the third quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company’s stock valued at $604,011,000 after buying an additional 378,513 shares during the last quarter. Legal & General Group Plc raised its stake in Canadian National Railway by 2.2% during the third quarter. Legal & General Group Plc now owns 4,477,999 shares of the transportation company’s stock valued at $487,145,000 after buying an additional 97,818 shares in the last quarter. Toronto Dominion Bank raised its stake in Canadian National Railway by 2.2% during the third quarter. Toronto Dominion Bank now owns 3,550,317 shares of the transportation company’s stock valued at $384,606,000 after buying an additional 74,733 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Canadian National Railway by 53.2% during the 3rd quarter. Morgan Stanley now owns 2,879,091 shares of the transportation company’s stock worth $311,892,000 after buying an additional 1,000,244 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI opened at $129.32 on Tuesday. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The firm has a market capitalization of $82.60 billion, a PE ratio of 20.40, a P/E/G ratio of 2.22 and a beta of 0.88. The firm has a 50-day moving average price of $129.72 and a 200 day moving average price of $122.04. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, sell-side analysts anticipate that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CNI has been the topic of several research reports. Susquehanna Bancshares upped their price target on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 10th. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a report on Friday, April 12th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 price objective for the company. Finally, Barclays lifted their target price on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Eighteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $147.52.

Canadian National Railway 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.