Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Cantillon Capital Management LLC

Cantillon Capital Management LLC boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.1% during the 3rd quarter, Holdings Channel reports. The fund owned 3,705,152 shares of the transportation company’s stock after acquiring an additional 310,588 shares during the quarter. Canadian Pacific Kansas City comprises 1.9% of Cantillon Capital Management LLC’s portfolio, making the stock its 25th largest holding. Cantillon Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $316,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. S&CO Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after acquiring an additional 11,000 shares in the last quarter. Swiss National Bank grew its position in Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after buying an additional 23,000 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $11,810,000. Cetera Investment Advisers grew its position in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after purchasing an additional 40,380 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $2,629,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.1 %

CP stock opened at $73.95 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a 50-day moving average of $81.22 and a two-hundred day moving average of $80.62. The stock has a market capitalization of $69.02 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52-week low of $69.27 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business earned $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 19.64%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CP. Stephens lowered their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price target for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Finally, Barclays lifted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.68.

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.