Simon Quick Advisors LLC Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Simon Quick Advisors LLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 35.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,167 shares of the transportation company’s stock after buying an additional 1,084 shares during the period. Simon Quick Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $302,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI lifted its holdings in Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after acquiring an additional 1,348,474 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Canadian Pacific Kansas City by 36.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock valued at $245,403,000 after purchasing an additional 769,202 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $63,179,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Canadian Pacific Kansas City by 39.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock worth $172,132,000 after buying an additional 565,783 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock valued at $501,219,000 after buying an additional 537,418 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock opened at $80.08 on Friday. The firm has a 50 day moving average of $74.71 and a 200-day moving average of $79.10. The firm has a market capitalization of $74.76 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. 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 announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CP. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $81.00 to $88.00 in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

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.