William Blair Investment Management LLC Reduces Stock Position in Canadian Pacific Kansas City Limited $CP

William Blair Investment Management LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588,336 shares of the transportation company’s stock after selling 23,029 shares during the period. William Blair Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $43,825,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dilation Capital Management LP grew its holdings in Canadian Pacific Kansas City by 4.4% during the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after purchasing an additional 7,105 shares in the last quarter. Meixler Investment Management Ltd. acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at $1,644,000. AGF Management Ltd. raised its stake in Canadian Pacific Kansas City by 9.9% during the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock valued at $149,215,000 after buying an additional 180,419 shares in the last quarter. Nicola Wealth Management LTD. lifted its holdings in Canadian Pacific Kansas City by 46.8% in the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after acquiring an additional 45,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Canadian Pacific Kansas City by 1.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock worth $83,985,000 after acquiring an additional 14,916 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, Barclays set a $93.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $87.48 on Monday. The company has a 50 day moving average of $76.98 and a 200-day moving average of $75.10. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.96. The stock has a market capitalization of $78.55 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.87 and a beta of 1.05. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the company posted $1.29 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Canadian Pacific Kansas City Company 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.