Cantillon Capital Management LLC Raises Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Cantillon Capital Management LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,705,152 shares of the transportation company’s stock after acquiring an additional 310,588 shares during the quarter. Canadian Pacific Kansas City accounts for 1.9% of Cantillon Capital Management LLC’s holdings, making the stock its 25th largest position. Cantillon Capital Management LLC owned approximately 0.40% of Canadian Pacific Kansas City worth $316,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CP. Bank of Montreal Can grew its position in shares of Canadian Pacific Kansas City by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock valued at $1,580,556,000 after acquiring an additional 533,792 shares during the period. 1832 Asset Management L.P. boosted its position in Canadian Pacific Kansas City by 5.5% during the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock valued at $909,721,000 after purchasing an additional 216,062 shares during the period. Fiera Capital Corp grew its holdings in Canadian Pacific Kansas City by 1.9% in the third quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock valued at $497,918,000 after purchasing an additional 107,183 shares during the period. Finally, Swiss National Bank raised its stake in shares of Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after buying an additional 23,000 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price target for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Citigroup cut their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Stifel Nicolaus lowered their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Finally, Bank of America reduced their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $93.68.

Canadian Pacific Kansas City Trading Down 0.1 %

Canadian Pacific Kansas City stock opened at $73.95 on Tuesday. Canadian Pacific Kansas City Limited has a 1 year low of $69.27 and a 1 year high of $91.58. The firm’s 50-day moving average is $81.22 and its 200-day moving average is $80.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market cap of $69.02 billion, a P/E ratio of 26.41, a PEG ratio of 2.20 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.76%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.64%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.