M.D. Sass LLC Invests $61.08 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

M.D. Sass LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 843,934 shares of the transportation company’s stock, valued at approximately $61,076,000. Canadian Pacific Kansas City comprises about 4.6% of M.D. Sass LLC’s portfolio, making the stock its 10th biggest holding.

A number of other large investors have also recently bought and sold shares of CP. Triple Frond Partners LLC increased its stake in shares of Canadian Pacific Kansas City by 28.5% in the 4th quarter. Triple Frond Partners LLC now owns 404,369 shares of the transportation company’s stock valued at $29,264,000 after acquiring an additional 89,635 shares in the last quarter. Rovida Investment Management Ltd acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth $10,858,000. Minneapolis Portfolio Management Group LLC increased its stake in Canadian Pacific Kansas City by 2.4% in the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 308,419 shares of the transportation company’s stock valued at $22,320,000 after purchasing an additional 7,135 shares in the last quarter. McCollum Christoferson Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 1.3% during the fourth quarter. McCollum Christoferson Group LLC now owns 61,935 shares of the transportation company’s stock valued at $4,483,000 after purchasing an additional 785 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $73.32 on Tuesday. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $89.26. The company’s 50 day moving average price is $76.68 and its two-hundred day moving average price is $77.78. The stock has a market cap of $68.46 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 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 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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 $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Citigroup lifted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.45.

About Canadian Pacific Kansas City

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.