Egerton Capital UK LLP Decreases Stake in Canadian Pacific Kansas City Limited $CP

Egerton Capital UK LLP lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 55.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,026,311 shares of the transportation company’s stock after selling 2,530,870 shares during the period. Canadian Pacific Kansas City makes up approximately 1.6% of Egerton Capital UK LLP’s portfolio, making the stock its 19th biggest holding. Egerton Capital UK LLP’s holdings in Canadian Pacific Kansas City were worth $150,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings 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 in the last quarter. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter worth about $35,000. Sivia Capital Partners LLC acquired a new position in Canadian Pacific Kansas City during the second quarter worth about $206,000. Daymark Wealth Partners LLC increased its holdings in Canadian Pacific Kansas City by 28.2% in the second quarter. Daymark Wealth Partners LLC now owns 5,834 shares of the transportation company’s stock valued at $462,000 after buying an additional 1,283 shares in the last quarter. Finally, World Investment Advisors purchased a new position in Canadian Pacific Kansas City in the second quarter valued at about $468,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CP. Evercore lowered their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report 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 on the stock in a report on Friday, January 30th. Barclays set a $93.00 price target on Canadian Pacific Kansas City in a research note on Thursday, January 29th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Trading Up 0.4%

Canadian Pacific Kansas City stock opened at $87.48 on Friday. The stock has a 50-day moving average price of $76.98 and a 200 day moving average price of $75.11. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $88.96. The stock has a market cap of $78.53 billion, a PE ratio of 27.08, a P/E/G ratio of 1.86 and a beta of 1.10. 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 released 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). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 earnings per share. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal 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 given a dividend of $0.228 per share. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.0%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 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.