Arrowstreet Capital Limited Partnership Has $60.86 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 873.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 841,273 shares of the transportation company’s stock after buying an additional 754,853 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.09% of Canadian Pacific Kansas City worth $60,856,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $914,090,000. Allspring Global Investments Holdings LLC boosted its stake in Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock worth $252,912,000 after purchasing an additional 2,532,519 shares during the period. National Bank of Canada FI grew its position in Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after purchasing an additional 1,348,474 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $74,168,000. Finally, M.D. Sass LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $61,076,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CP. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Citigroup raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.95.

Canadian Pacific Kansas City Trading Up 1.3 %

Shares of CP stock opened at $71.11 on Wednesday. Canadian Pacific Kansas City Limited has a 12 month low of $68.00 and a 12 month high of $89.26. The company has a market cap of $66.40 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $76.23 and its two-hundred day moving average is $77.20.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Canadian Pacific Kansas City 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.