Natixis Advisors LLC Buys 34,501 Shares of Canadian Pacific Kansas City Limited $CP

Natixis Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 641,814 shares of the transportation company’s stock after purchasing an additional 34,501 shares during the period. Natixis Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $47,809,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Dilation Capital Management LP raised its stake in shares of 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 worth $12,683,000 after purchasing an additional 7,105 shares in the last quarter. Meixler Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $1,644,000. AGF Management Ltd. grew its stake in shares of 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 buying an additional 180,419 shares in the last quarter. Nicola Wealth Management LTD. increased its holdings in Canadian Pacific Kansas City by 46.8% during the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after buying an additional 45,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings 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 buying an additional 14,916 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CP shares. Citigroup cut 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 note on Friday, January 30th. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Evercore cut their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, 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. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Up 1.2%

Shares of Canadian Pacific Kansas City stock opened at $83.95 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The business has a fifty day simple moving average of $78.35 and a two-hundred day simple moving average of $75.61. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $89.42. The company has a market capitalization of $75.39 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.78 and a beta of 1.05.

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

Canadian Pacific Kansas City Dividend Announcement

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. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

About Canadian Pacific Kansas City

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.