Aberdeen Group plc Cuts Stake in Canadian Pacific Kansas City Limited $CP

Aberdeen Group plc lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.8% in the 3rd quarter, Holdings Channel reports. The firm owned 389,238 shares of the transportation company’s stock after selling 37,440 shares during the period. Aberdeen Group plc’s holdings in Canadian Pacific Kansas City were worth $28,771,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dilation Capital Management LP boosted its holdings in Canadian Pacific Kansas City by 4.4% in 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 during the last quarter. Meixler Investment Management Ltd. purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at approximately $1,644,000. AGF Management Ltd. lifted its holdings in Canadian Pacific Kansas City by 9.9% in the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock valued at $149,215,000 after acquiring an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. grew its position 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 period. Finally, Envestnet Asset Management Inc. increased its stake in 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 institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of CP opened at $83.85 on Wednesday. The company’s 50-day simple moving average is $75.18 and its 200-day simple moving average is $74.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $85.15. The stock has a market capitalization of $75.27 billion, a PE ratio of 25.96, a P/E/G ratio of 1.78 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its 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). The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.During the same period in the previous year, the company earned $1.29 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed 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 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.43%.

Analysts Set New Price Targets

Several brokerages have recently commented on CP. Evercore decreased their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.