Westerkirk Capital Inc. Lowers Position in Canadian Pacific Kansas City Limited $CP

Westerkirk Capital Inc. decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% in the 3rd quarter, Holdings Channel reports. The firm owned 129,900 shares of the transportation company’s stock after selling 8,100 shares during the period. Canadian Pacific Kansas City comprises 1.1% of Westerkirk Capital Inc.’s investment portfolio, making the stock its 15th largest holding. Westerkirk Capital Inc.’s holdings in Canadian Pacific Kansas City were worth $9,676,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in Canadian Pacific Kansas City during the second quarter valued at approximately $27,000. Caldwell Trust Co bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $30,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Cornerstone Planning Group LLC lifted its holdings in shares of Canadian Pacific Kansas City by 205.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $39,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CP shares. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Evercore cut their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Citigroup dropped 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 report on Friday, January 30th. Finally, Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Up 0.5%

NYSE CP opened at $85.14 on Friday. The firm has a market cap of $76.44 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $85.56. The stock has a 50-day moving average of $75.74 and a 200-day moving average of $74.72. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend 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 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.