Intech Investment Management LLC Acquires New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

Intech Investment Management LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 28,911 shares of the transportation company’s stock, valued at approximately $2,551,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BKM Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $395,000. OneAscent Financial Services LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $216,000. Whittier Trust Co. of Nevada Inc. increased its stake in Canadian Pacific Kansas City by 31.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 6,280 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 1,509 shares during the period. Cedar Brook Financial Partners LLC increased its stake in Canadian Pacific Kansas City by 7.5% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 2,970 shares of the transportation company’s stock valued at $229,000 after acquiring an additional 208 shares during the period. Finally, SG Americas Securities LLC increased its stake in Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after acquiring an additional 12,748 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Raymond James upped their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Finally, Bank of America decreased their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.70.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded up $0.28 on Friday, reaching $83.56. The stock had a trading volume of 1,418,815 shares, compared to its average volume of 2,005,749. The company has a market cap of $77.97 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The firm has a fifty day moving average of $79.68 and a two-hundred day moving average of $82.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.63%.

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.