Fisher Asset Management LLC Boosts Stock Position in Canadian Pacific Kansas City Limited $CP

Fisher Asset Management LLC lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.3% in the third quarter, Holdings Channel.com reports. The fund owned 5,556,114 shares of the transportation company’s stock after purchasing an additional 124,798 shares during the period. Fisher Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $413,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 0.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after purchasing an additional 139 shares during the period. Assetmark Inc. grew its holdings in Canadian Pacific Kansas City by 28.5% during the 2nd quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after buying an additional 191 shares in the last quarter. Signaturefd LLC increased its position in shares of Canadian Pacific Kansas City by 1.0% during the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after buying an additional 207 shares during the period. Savant Capital LLC increased its position in shares of Canadian Pacific Kansas City by 0.7% during the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after buying an additional 220 shares during the period. Finally, Pacifica Partners Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 12.0% in the third quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock worth $161,000 after buying an additional 231 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Finally, National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Up 0.4%

Shares of NYSE:CP opened at $87.48 on Monday. The firm has a market capitalization of $78.55 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.96. The firm has a fifty day moving average of $76.98 and a 200 day moving average of $75.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.0%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.43%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.