Silphium Asset Management Ltd Sells 28,489 Shares of Canadian Pacific Kansas City Limited $CP

Silphium Asset Management Ltd lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 57.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,066 shares of the transportation company’s stock after selling 28,489 shares during the quarter. Silphium Asset Management Ltd’s holdings in Canadian Pacific Kansas City were worth $1,551,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 18.3% in the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Canadian Pacific Kansas City by 281.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock worth $102,711,000 after buying an additional 1,017,576 shares during the period. BNP Paribas Financial Markets raised its holdings in Canadian Pacific Kansas City by 818,578.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock worth $68,911,000 after buying an additional 924,994 shares during the period. QV Investors Inc. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $53,667,000. Finally, CIBC Asset Management Inc raised its holdings in Canadian Pacific Kansas City by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock worth $623,937,000 after buying an additional 698,705 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.0%

CP stock opened at $81.49 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The company has a fifty day moving average price of $82.21 and a two-hundred day moving average price of $76.61. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $89.42. The stock has a market cap of $72.71 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.74%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CP. Royal Bank Of Canada restated an “outperform” rating and set a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.80.

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.