Sustainable Insight Capital Management LLC Lowers Position in Canadian Pacific Kansas City Limited $CP

Sustainable Insight Capital Management LLC trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,504 shares of the transportation company’s stock after selling 5,600 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $994,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Canadian Pacific Kansas City by 1.3% in the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock valued at $2,884,826,000 after purchasing an additional 510,633 shares during the period. Invesco Ltd. grew its stake in Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares during the period. Norges Bank purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $978,558,000. Geode Capital Management LLC grew its stake in Canadian Pacific Kansas City by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after buying an additional 461,724 shares during the period. Finally, Cibc World Market Inc. grew its stake in Canadian Pacific Kansas City by 21.9% during the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after buying an additional 1,517,323 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.3%

NYSE CP opened at $89.37 on Friday. The company’s fifty day simple moving average is $85.28 and its 200-day simple moving average is $80.11. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.50. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The stock has a market cap of $79.29 billion, a P/E ratio of 27.58, a PEG ratio of 1.92 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Susquehanna reiterated a “positive” rating and set a $104.00 price objective on shares of Canadian Pacific Kansas City in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce set a $140.00 price objective on shares of Canadian Pacific Kansas City in a research note on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday, May 29th. Finally, Citigroup raised their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $103.22.

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.