Mesirow Financial Investment Management Inc. Decreases Holdings in Canadian Pacific Kansas City Limited $CP

Mesirow Financial Investment Management Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,890 shares of the transportation company’s stock after selling 1,167 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $1,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. North Capital Inc. bought a new position in Canadian Pacific Kansas City during the first quarter valued at $27,000. Cornerstone Planning Group LLC grew its holdings in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 256 shares during the period. Cheviot Value Management LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at $30,000. Hexagon Capital Partners LLC grew its holdings in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at $35,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CP. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Evercore ISI reduced their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank Of Canada reduced their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Price Performance

CP stock opened at $72.01 on Friday. The firm has a 50 day moving average of $75.49 and a 200-day moving average of $76.96. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The firm has a market capitalization of $64.84 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.74%. During the same period in the prior year, the business posted $0.99 EPS. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

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.