Rovida Investment Management Ltd Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Rovida Investment Management Ltd bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 150,000 shares of the transportation company’s stock, valued at approximately $10,858,000. Canadian Pacific Kansas City accounts for about 3.4% of Rovida Investment Management Ltd’s portfolio, making the stock its 7th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $34,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays lowered their target price 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. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Up 1.9 %

Shares of NYSE:CP opened at $73.32 on Tuesday. 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 firm has a market cap of $68.46 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $89.26. The company’s 50-day moving average price is $76.68 and its two-hundred day moving average price is $77.78.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS 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, April 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

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.