Quantbot Technologies LP Invests $3.38 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Quantbot Technologies LP acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 39,555 shares of the transportation company’s stock, valued at approximately $3,384,000.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. grew its stake in Canadian Pacific Kansas City by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 2,895 shares of the transportation company’s stock worth $248,000 after purchasing an additional 1,120 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $530,000. Fisher Asset Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 10.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,353,769 shares of the transportation company’s stock valued at $115,801,000 after acquiring an additional 126,602 shares during the last quarter. Larson Financial Group LLC lifted its stake in Canadian Pacific Kansas City by 20.6% during the third quarter. Larson Financial Group LLC now owns 2,518 shares of the transportation company’s stock worth $215,000 after purchasing an additional 430 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Canadian Pacific Kansas City by 33.0% in the third quarter. Cerity Partners LLC now owns 81,567 shares of the transportation company’s stock worth $6,977,000 after purchasing an additional 20,220 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $75.35 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market cap of $70.33 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.66 and a fifty-two week high of $91.58. The firm’s 50 day simple moving average is $79.68 and its 200-day simple moving average is $80.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company earned $0.69 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Stephens lowered their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their price objective for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Evercore ISI increased their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus reduced their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $94.88.

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.