William Blair Investment Management LLC Has $43.83 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

William Blair Investment Management LLC reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 588,336 shares of the transportation company’s stock after selling 23,029 shares during the quarter. William Blair Investment Management LLC owned about 0.07% of Canadian Pacific Kansas City worth $43,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Intech Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $35,000. Sivia Capital Partners LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $206,000. World Investment Advisors bought a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $468,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $245,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CP. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $87.48 on Monday. The firm has a market cap of $78.55 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a 50 day moving average price of $76.98 and a 200-day moving average price of $75.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $88.96.

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 the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.43%.

About Canadian Pacific Kansas City

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.