Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 42.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,953 shares of the transportation company’s stock after buying an additional 4,145 shares during the quarter. Sterling Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,010,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CP. Kestra Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $36,000. Finally, Curio Wealth LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP stock opened at $73.64 on Wednesday. The business has a 50 day simple moving average of $74.44 and a 200-day simple moving average of $76.09. The company has a market capitalization of $68.51 billion, a P/E ratio of 25.39, a PEG ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.31. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CP. Barclays reduced their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada raised their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Citigroup lowered their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Susquehanna cut their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research report on Thursday, March 27th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.75.

Canadian Pacific Kansas City 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.