Canadian Pacific Kansas City Limited $CP Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 48.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 98,613 shares of the transportation company’s stock after selling 91,556 shares during the quarter. Public Sector Pension Investment Board’s holdings in Canadian Pacific Kansas City were worth $7,346,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $27,000. Caldwell Trust Co purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at $30,000. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at $35,000. Cornerstone Planning Group LLC grew its holdings in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $83.85 on Wednesday. The stock has a market capitalization of $75.27 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.78 and a beta of 1.10. The business’s 50 day moving average is $75.18 and its two-hundred day moving average is $74.51. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $85.15. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.43%.

Wall Street Analyst Weigh In

CP has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.