Susquehanna Advisors Group Inc. Reduces Stock Holdings in Canadian Pacific Kansas City Limited $CP

Susquehanna Advisors Group Inc. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 83.9% during the second quarter, Holdings Channel reports. The firm owned 15,400 shares of the transportation company’s stock after selling 80,000 shares during the period. Susquehanna Advisors Group Inc.’s holdings in Canadian Pacific Kansas City were worth $1,334,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CP. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $978,558,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at $802,983,000. The Manufacturers Life Insurance Company acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $657,672,000. Legal & General Group Plc acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $604,797,000. Finally, Jupiter Topco LLC purchased a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $576,687,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $94.04 on Monday. The firm has a market cap of $82.60 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The business’s 50-day moving average price is $90.92 and its 200 day moving average price is $86.76. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the business earned $1.12 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a $0.268 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is presently 25.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CP. Canadian Imperial Bank of Commerce boosted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Citizens Jmp started coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

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.