Bowen Hanes & Co. Inc. Lowers Position in Canadian Pacific Kansas City Limited $CP

Bowen Hanes & Co. Inc. decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,757 shares of the transportation company’s stock after selling 7,610 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $2,026,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rothschild & Co Wealth Management UK Ltd boosted its holdings in Canadian Pacific Kansas City by 0.9% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares during the last quarter. Cardinal Capital Management Inc. raised its stake in Canadian Pacific Kansas City by 3.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after buying an additional 55,423 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of Canadian Pacific Kansas City by 5.9% during the 4th quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after buying an additional 95,727 shares during the period. HighTower Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after buying an additional 37,044 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $1,983,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 1.2%

NYSE CP opened at $92.40 on Friday. The stock’s 50 day moving average is $88.71 and its 200 day moving average is $83.33. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $93.95. The stock has a market cap of $81.78 billion, a PE ratio of 28.52, a P/E/G ratio of 1.82 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.69 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 24.07%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Sanford C. Bernstein lifted their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $104.91.

Canadian Pacific Kansas City 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.