Canadian Pacific Kansas City Limited $CP Shares Acquired by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 37.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,422 shares of the transportation company’s stock after buying an additional 3,900 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Insight Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 0.4% in the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock valued at $2,858,000 after purchasing an additional 143 shares during the last quarter. Redmond Asset Management LLC grew its position in Canadian Pacific Kansas City by 0.5% in the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock valued at $2,220,000 after buying an additional 148 shares during the last quarter. Accretive Wealth Partners LLC increased its stake in Canadian Pacific Kansas City by 1.3% in the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after buying an additional 157 shares during the period. Financial Partners Group Inc raised its position in Canadian Pacific Kansas City by 0.3% during the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock worth $3,464,000 after buying an additional 158 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Canadian Pacific Kansas City by 6.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,708 shares of the transportation company’s stock worth $190,000 after acquiring an additional 161 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $68.86 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65. The stock has a market cap of $62.01 billion, a P/E ratio of 20.99, a PEG ratio of 2.02 and a beta of 1.08. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $75.04 and a two-hundred day moving average of $76.83.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $0.99 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is presently 19.51%.

Analysts Set New Price Targets

Several research firms recently issued reports on CP. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $91.69.

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.