Sustainable Growth Advisers LP Has $483.32 Million Position in Canadian Pacific Kansas City Limited $CP

Sustainable Growth Advisers LP reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.1% during the fourth quarter, HoldingsChannel reports. The firm owned 6,564,219 shares of the transportation company’s stock after selling 1,076,187 shares during the quarter. Canadian Pacific Kansas City accounts for about 3.4% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 12th largest holding. Sustainable Growth Advisers LP’s holdings in Canadian Pacific Kansas City were worth $483,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wealth Watch Advisors INC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $36,000. Cornerstone Planning Group LLC boosted its stake in shares of Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Aventura Private Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $37,000. Finally, McIlrath & Eck LLC boosted its stake in shares of Canadian Pacific Kansas City by 475.3% in the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 423 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.7%

Canadian Pacific Kansas City stock opened at $88.69 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.46. The firm has a 50 day moving average price of $83.52 and a two-hundred day moving average price of $79.02. The firm has a market cap of $78.68 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 1.91 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $96.50.

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.