Mirova US LLC Trims Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Mirova US LLC cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,084,949 shares of the transportation company’s stock after selling 63,753 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.8% of Mirova US LLC’s investment portfolio, making the stock its 22nd biggest holding. Mirova US LLC’s holdings in Canadian Pacific Kansas City were worth $150,888,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after buying an additional 2,532,519 shares during the period. National Bank of Canada FI increased its holdings in Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after buying an additional 1,348,474 shares during the period. Raymond James Financial Inc. purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Canadian Pacific Kansas City by 36.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock valued at $245,403,000 after buying an additional 769,202 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $63,179,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 0.1 %

Shares of Canadian Pacific Kansas City stock opened at $75.35 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a fifty day moving average price of $76.90 and a 200 day moving average price of $78.14. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $90.64. The stock has a market cap of $70.35 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Investors 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 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Susquehanna lowered their target price 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. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada raised their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.45.

About Canadian Pacific Kansas City

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.