Redwood Investment Management LLC Buys Shares of 7,251 Canadian Pacific Kansas City Limited (NYSE:CP)

Redwood Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 7,251 shares of the transportation company’s stock, valued at approximately $639,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter worth approximately $32,000. Independence Bank of Kentucky bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $43,000. Tobam bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $51,000. Rational Advisors LLC bought a new stake in Canadian Pacific Kansas City during the first quarter valued at $52,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $52,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent analyst reports. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Evercore ISI reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Stifel Nicolaus increased their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Susquehanna reissued a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday. Finally, Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

Canadian Pacific Kansas City Trading Down 1.5 %

Shares of CP traded down $1.29 during mid-day trading on Thursday, reaching $82.53. 213,188 shares of the company were exchanged, compared to its average volume of 2,155,267. The business has a 50 day simple moving average of $79.80 and a two-hundred day simple moving average of $82.73. 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 capitalization of $77.01 billion, a PE ratio of 26.86, a PEG ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.83% and a net margin of 24.45%. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.12 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

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.