Healthcare of Ontario Pension Plan Trust Fund lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 21.5% during the 1st quarter, HoldingsChannel reports. The fund owned 338,926 shares of the transportation company’s stock after selling 93,039 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Canadian Pacific Kansas City were worth $26,661,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Canadian Pacific Kansas City by 0.9% during 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 buying an additional 48,258 shares during the last quarter. Cardinal Capital Management Inc. raised its position in shares of 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 acquiring an additional 55,423 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of Canadian Pacific Kansas City by 5.9% in the 4th quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after purchasing an additional 95,727 shares during the period. HighTower Advisors LLC boosted its position 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 purchasing an additional 37,044 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $1,983,000. 72.20% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Evercore set a $91.00 price target on Canadian Pacific Kansas City and gave the company an “outperform” rating in a research note on Thursday, June 25th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, June 25th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.91.
Canadian Pacific Kansas City Trading Up 0.0%
NYSE CP opened at $92.40 on Monday. The firm has a market cap of $81.78 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The stock’s 50-day moving average is $88.86 and its 200-day moving average is $83.46. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $93.95.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released its quarterly earnings data 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 net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm earned $1.06 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.69 earnings per share for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The business also recently announced 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 an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 24.07%.
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.
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