Canadian Pacific Kansas City Limited $CP Shares Sold by Guardian Capital LP

Guardian Capital LP trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 743,054 shares of the transportation company’s stock after selling 26,752 shares during the quarter. Canadian Pacific Kansas City comprises 1.8% of Guardian Capital LP’s holdings, making the stock its 16th largest position. Guardian Capital LP’s holdings in Canadian Pacific Kansas City were worth $55,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its position in Canadian Pacific Kansas City by 0.8% in the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after buying an additional 139 shares during the last quarter. Assetmark Inc. raised its position in Canadian Pacific Kansas City by 28.5% during the 2nd quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock worth $68,000 after buying an additional 191 shares during the last quarter. Signaturefd LLC lifted its stake in Canadian Pacific Kansas City by 1.0% during the 3rd quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after acquiring an additional 207 shares during the period. Savant Capital LLC boosted its holdings in shares of Canadian Pacific Kansas City by 0.7% in the 3rd quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after acquiring an additional 220 shares during the last quarter. Finally, Pacifica Partners Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 12.0% in the 3rd quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock valued at $161,000 after acquiring an additional 231 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $82.93 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The company has a 50 day moving average price of $78.17 and a 200-day moving average price of $75.52. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $89.42. The firm has a market cap of $74.47 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid 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 of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CP shares. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, January 30th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Evercore decreased 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. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target 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.