Bessemer Group Inc. Sells 9,762 Shares of Canadian Pacific Kansas City Limited $CP

Bessemer Group Inc. cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,363 shares of the transportation company’s stock after selling 9,762 shares during the quarter. Bessemer Group Inc.’s holdings in Canadian Pacific Kansas City were worth $3,913,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Canadian Pacific Kansas City by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after purchasing an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Canadian Pacific Kansas City by 70.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock worth $421,000 after purchasing an additional 2,467 shares in the last quarter. Vanderbilt University raised its holdings in Canadian Pacific Kansas City by 10.3% in the second quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after purchasing an additional 7,050 shares in the last quarter. Ninety One North America Inc. raised its holdings in Canadian Pacific Kansas City by 135.7% in the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock worth $16,394,000 after purchasing an additional 119,052 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Canadian Pacific Kansas City by 0.7% in the second quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after purchasing an additional 136,970 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on CP shares. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Citigroup dropped their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $72.94 on Thursday. The business’s 50 day moving average price is $75.56 and its 200 day moving average price is $76.98. The firm has a market cap of $66.15 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.11 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. Canadian Pacific Kansas City’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

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.