Rathbones Group PLC Has $121.69 Million Position in Canadian Pacific Kansas City Limited $CP

Rathbones Group PLC lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 1,633,612 shares of the transportation company’s stock after selling 18,041 shares during the period. Rathbones Group PLC’s holdings in Canadian Pacific Kansas City were worth $121,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CP. Dilation Capital Management LP lifted its stake in shares of Canadian Pacific Kansas City by 4.4% during the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock worth $12,683,000 after buying an additional 7,105 shares during the last quarter. Meixler Investment Management Ltd. bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $1,644,000. AGF Management Ltd. grew its stake in Canadian Pacific Kansas City by 9.9% in the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock valued at $149,215,000 after buying an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. grew its stake in Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after buying an additional 45,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after acquiring an additional 14,916 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 2.7%

Shares of CP opened at $82.93 on Friday. The firm has a 50 day simple moving average of $78.17 and a two-hundred day simple moving average of $75.52. 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 one year low of $66.49 and a one year high of $89.42. The company has a market cap of $74.47 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.78 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its 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 business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business posted $1.29 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.43%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CP shares. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Evercore reduced their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Company 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.