Granite Group Advisors LLC Sells 475 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Granite Group Advisors LLC decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,581 shares of the transportation company’s stock after selling 475 shares during the quarter. Granite Group Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CP. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the last quarter. Addison Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $34,000. Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $38,000. Finally, Kennebec Savings Bank purchased a new position in Canadian Pacific Kansas City during the 3rd quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.2 %

Shares of NYSE CP opened at $79.86 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $74.56 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The stock’s fifty day simple moving average is $74.91 and its two-hundred day simple moving average is $79.11.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CP. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $81.00 to $88.00 in a report on Monday, January 6th. Finally, Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.63.

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.