Canadian Pacific Kansas City Limited $CP Stock Sold by Ninety One North America Inc.

Ninety One North America Inc. lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,248 shares of the transportation company’s stock after selling 46,882 shares during the quarter. Ninety One North America Inc.’s holdings in Canadian Pacific Kansas City were worth $13,509,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in Canadian Pacific Kansas City by 1.3% in the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after acquiring an additional 303,464 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $802,983,000. The Manufacturers Life Insurance Company bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $657,672,000. Legal & General Group Plc bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $604,797,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Canadian Pacific Kansas City by 9.8% during the 1st quarter. Janus Henderson Group PLC now owns 6,749,527 shares of the transportation company’s stock valued at $530,551,000 after purchasing an additional 601,692 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded up $0.33 during trading hours on Thursday, hitting $86.45. 602,812 shares of the stock were exchanged, compared to its average volume of 2,659,425. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The company’s 50 day moving average is $89.72 and its 200 day moving average is $87.79. The firm has a market capitalization of $75.65 billion, a P/E ratio of 27.80, a P/E/G ratio of 1.80 and a beta of 1.13. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.70 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a dividend of C$0.27 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 24.76%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CP. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $106.00 to $98.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Zacks Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Citigroup reaffirmed a “cautious” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 7th. Finally, Citizens Jmp started coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $111.83.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.