Hsbc Holdings PLC Boosts Stake in Canadian National Railway (NYSE:CNI)

Hsbc Holdings PLC lifted its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 307,762 shares of the transportation company's stock after purchasing an additional 54,903 shares during the quarter. Hsbc Holdings PLC's holdings in Canadian National Railway were worth $31,229,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway during the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the fourth quarter worth $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway during the fourth quarter worth $30,000. Addison Advisors LLC raised its stake in shares of 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

NYSE CNI traded down $0.91 on Thursday, hitting $95.91. The company had a trading volume of 533,605 shares, compared to its average volume of 1,443,092. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market capitalization of $60.28 billion, a PE ratio of 18.73, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $129.18. The company's fifty day moving average price is $98.13 and its 200-day moving average price is $103.43.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.57%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway's dividend payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays cut their price target on shares of Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lowered their target price on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.36.

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.