Ninepoint Partners LP Has $1.72 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Ninepoint Partners LP grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,809 shares of the transportation company’s stock after acquiring an additional 975 shares during the period. Canadian Pacific Kansas City accounts for approximately 0.2% of Ninepoint Partners LP’s holdings, making the stock its 17th largest position. Ninepoint Partners LP’s holdings in Canadian Pacific Kansas City were worth $1,724,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stonebridge Capital Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. Sands Capital Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $31,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $29,000. Anchor Investment Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $40,000. Finally, Fortis Capital Advisors LLC bought a new position in Canadian Pacific Kansas City during the first quarter worth about $39,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CP shares. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $95.29.

Canadian Pacific Kansas City Price Performance

NYSE CP traded up $0.76 on Friday, hitting $84.70. 652,929 shares of the company’s stock were exchanged, compared to its average volume of 2,021,159. The stock has a 50-day moving average of $87.11 and a 200-day moving average of $79.34. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a market cap of $78.99 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 2.15 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Analysts expect that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a $0.1415 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.83%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.