O Shaughnessy Asset Management LLC Sells 30,973 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

O Shaughnessy Asset Management LLC reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,663 shares of the transportation company’s stock after selling 30,973 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $13,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YCG LLC boosted its holdings in Canadian Pacific Kansas City by 32.5% in the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after acquiring an additional 91,276 shares during the last quarter. JARISLOWSKY FRASER Ltd boosted its holdings in Canadian Pacific Kansas City by 63.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after acquiring an additional 34,856 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after acquiring an additional 12,748 shares during the last quarter. Meritage Group LP bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $207,850,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Canadian Pacific Kansas City by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after acquiring an additional 14,557 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Evercore ISI cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Susquehanna restated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday, June 25th. Wells Fargo & Company initiated coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $95.70.

Canadian Pacific Kansas City Stock Down 2.0 %

NYSE CP traded down $1.65 on Tuesday, reaching $81.97. The company had a trading volume of 1,495,480 shares, compared to its average volume of 2,167,344. The stock has a market capitalization of $76.48 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.32 and a beta of 0.96. The company’s fifty day moving average is $79.71 and its 200 day moving average is $82.57. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City 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.