V Square Quantitative Management LLC Purchases New Position in Canadian Pacific Kansas City Limited $CP

by · The Markets Daily

V Square Quantitative Management LLC bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,215 shares of the transportation company’s stock, valued at approximately $679,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CP. Greenleaf Trust boosted its position in Canadian Pacific Kansas City by 0.7% during the 4th quarter. Greenleaf Trust now owns 342,796 shares of the transportation company’s stock valued at $25,240,000 after acquiring an additional 2,227 shares in the last quarter. Albion Financial Group UT boosted its position in Canadian Pacific Kansas City by 451.7% during the 4th quarter. Albion Financial Group UT now owns 640 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 524 shares in the last quarter. Rathbones Group PLC boosted its position in Canadian Pacific Kansas City by 5.9% during the 4th quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after acquiring an additional 95,727 shares in the last quarter. Quilter Plc boosted its position in Canadian Pacific Kansas City by 1.0% during the 4th quarter. Quilter Plc now owns 915,756 shares of the transportation company’s stock valued at $67,421,000 after acquiring an additional 8,786 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC boosted its position in Canadian Pacific Kansas City by 0.5% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 82,004 shares of the transportation company’s stock valued at $6,038,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $80.69 on Friday. The business’s fifty day simple moving average is $81.90 and its 200-day simple moving average is $76.32. The company has a market cap of $72.00 billion, a PE ratio of 24.98, a PEG ratio of 1.74 and a beta of 1.07. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $89.42.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the company earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.74%.

Analyst Ratings Changes

Several brokerages have issued reports on CP. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Citigroup increased their target price on Canadian Pacific Kansas City from $86.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Finally, Barclays reduced their price target on Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, March 27th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $92.45.

Check Out Our Latest Analysis on CP

Canadian Pacific Kansas City Profile

(Free Report)

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.

See Also

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