Sienna Gestion Buys Shares of 107,700 Canadian Pacific Kansas City Limited $CP

Sienna Gestion bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 107,700 shares of the transportation company’s stock, valued at approximately $7,315,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC increased its stake in Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after acquiring an additional 2,940 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the first quarter worth $35,000. Sivia Capital Partners LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth $206,000. Assetmark Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 28.5% in the 2nd quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 191 shares in the last quarter. Finally, Modera Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $213,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Citigroup lowered their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Barclays set a $93.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $82.93 on Monday. The stock has a 50-day moving average price of $78.17 and a two-hundred day moving average price of $75.53. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $89.42. The company has a market capitalization of $74.47 billion, a PE ratio of 25.67, a P/E/G ratio of 1.78 and a beta of 1.06. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43.

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). The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 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.