Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,164 shares of the transportation company’s stock after selling 228 shares during the period. Canadian Pacific Kansas City makes up approximately 3.3% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 12th biggest position. Kirr Marbach & Co. LLC IN’s holdings in Canadian Pacific Kansas City were worth $14,665,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CP. Grove Bank & Trust increased its stake in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $32,000. Chris Bulman Inc acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $35,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $38,000. Finally, ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $80.08 on Friday. The business’s 50-day simple moving average is $82.83 and its 200-day simple moving average is $81.71. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The firm has a market cap of $74.72 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Susquehanna boosted their target price on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Barclays increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group reduced their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $97.90.

About Canadian Pacific Kansas City

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.