Canadian Pacific Kansas City Limited $CP Shares Sold by Egerton Capital UK LLP

Egerton Capital UK LLP lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 55.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,026,311 shares of the transportation company’s stock after selling 2,530,870 shares during the period. Canadian Pacific Kansas City accounts for approximately 1.6% of Egerton Capital UK LLP’s portfolio, making the stock its 19th largest position. Egerton Capital UK LLP owned 0.23% of Canadian Pacific Kansas City worth $150,940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CP. Twin Peaks Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $27,000. Caldwell Trust Co acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $30,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $35,000. Cornerstone Planning Group LLC boosted its holdings in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares in the last quarter. Finally, SJS Investment Consulting Inc. acquired a new position in Canadian Pacific Kansas City in the third quarter valued at approximately $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 0.4%

Shares of CP stock opened at $87.48 on Friday. The company has a market capitalization of $78.53 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. 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 business’s 50 day moving average is $76.98 and its two-hundred day moving average is $75.11. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.43%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Barclays set a $93.00 target price on Canadian Pacific Kansas City in a research report on Thursday, January 29th. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.