Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Cantillon Capital Management LLC

Cantillon Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,725,023 shares of the transportation company’s stock after purchasing an additional 19,871 shares during the period. Canadian Pacific Kansas City accounts for approximately 1.6% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Cantillon Capital Management LLC owned approximately 0.40% of Canadian Pacific Kansas City worth $269,580,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CP. Van ECK Associates Corp raised its position in shares of Canadian Pacific Kansas City by 47.2% during the 3rd quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock worth $29,373,000 after purchasing an additional 120,280 shares during the last quarter. Intact Investment Management Inc. grew its stake in Canadian Pacific Kansas City by 37.3% during the 3rd quarter. Intact Investment Management Inc. now owns 321,441 shares of the transportation company’s stock valued at $27,494,000 after acquiring an additional 87,410 shares in the last quarter. PDS Planning Inc grew its stake in Canadian Pacific Kansas City by 36.6% during the 3rd quarter. PDS Planning Inc now owns 5,758 shares of the transportation company’s stock valued at $493,000 after acquiring an additional 1,543 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $227,000. Finally, Marks Group Wealth Management Inc grew its stake in Canadian Pacific Kansas City by 5.0% during the 3rd quarter. Marks Group Wealth Management Inc now owns 86,427 shares of the transportation company’s stock valued at $7,393,000 after acquiring an additional 4,113 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of several research reports. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $77.85 on Friday. The firm’s 50 day moving average price is $76.46 and its 200-day moving average price is $78.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The firm has a market cap of $72.69 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.00 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.