O Shaughnessy Asset Management LLC Reduces Holdings in Canadian Pacific Kansas City Limited $CP

O Shaughnessy Asset Management LLC trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,105 shares of the transportation company’s stock after selling 9,743 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $10,684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Fiera Capital Corp grew its position in shares of Canadian Pacific Kansas City by 6.0% in the 4th quarter. Fiera Capital Corp now owns 6,213,733 shares of the transportation company’s stock valued at $457,618,000 after buying an additional 349,688 shares during the last quarter. Locust Wood Capital Advisers LLC grew its position in shares of Canadian Pacific Kansas City by 0.6% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 888,326 shares of the transportation company’s stock valued at $65,407,000 after buying an additional 5,215 shares during the last quarter. Capital World Investors grew its position in shares of Canadian Pacific Kansas City by 8.9% in the 4th quarter. Capital World Investors now owns 14,344 shares of the transportation company’s stock valued at $1,056,000 after buying an additional 1,178 shares during the last quarter. Havemeyer Place LP purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $1,188,000. Finally, MCF Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $511,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, April 30th. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Friday, May 29th. Susquehanna reissued a “positive” rating and set a $104.00 price objective on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce set a $140.00 price objective on shares of Canadian Pacific Kansas City in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.22.

Canadian Pacific Kansas City Trading Down 0.6%

Shares of Canadian Pacific Kansas City stock opened at $89.63 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The company has a market capitalization of $79.51 billion, a P/E ratio of 27.66, a PEG ratio of 1.93 and a beta of 1.09. The company’s fifty day moving average is $85.07 and its two-hundred day moving average is $79.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current 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 paid a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

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.