Peregrine Capital Management LLC Decreases Holdings in Canadian Pacific Kansas City Limited $CP

Peregrine Capital Management LLC decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 30.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,210 shares of the transportation company’s stock after selling 4,919 shares during the period. Peregrine Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. AustralianSuper Pty Ltd purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth $621,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Canadian Pacific Kansas City by 76.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 47,095 shares of the transportation company’s stock worth $3,733,000 after buying an additional 20,333 shares during the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 2.9% in the second quarter. Transcend Capital Advisors LLC now owns 10,646 shares of the transportation company’s stock worth $844,000 after buying an additional 300 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth $49,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Canadian Pacific Kansas City by 19.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 142,722 shares of the transportation company’s stock worth $11,314,000 after buying an additional 23,051 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Stephens upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Canadian Pacific Kansas City Stock Down 0.0%

CP stock opened at $74.43 on Wednesday. The firm has a market cap of $67.50 billion, a PE ratio of 23.19, a P/E/G ratio of 2.11 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The firm’s fifty day moving average is $75.58 and its 200 day moving average is $76.99. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

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.