Lindbrook Capital LLC Sells 183 Shares of Canadian National Railway (NYSE:CNI)

Lindbrook Capital LLC reduced its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,387 shares of the transportation company’s stock after selling 183 shares during the quarter. Lindbrook Capital LLC’s holdings in Canadian National Railway were worth $141,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CNI. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway in the fourth quarter valued at approximately $30,000. Addison Advisors LLC boosted its stake in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Coastline Trust Co bought a new position in Canadian National Railway in the third quarter valued at approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 0.8 %

Shares of NYSE:CNI opened at $101.12 on Friday. Canadian National Railway has a 12 month low of $96.28 and a 12 month high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company’s fifty day simple moving average is $102.26 and its 200 day simple moving average is $108.63. The firm has a market cap of $63.53 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.6159 dividend. 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 yield of 2.44%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s payout ratio is presently 47.66%.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent research reports. Bank of America reduced their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Barclays reduced their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Finally, Susquehanna cut their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.19.

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.