Harel Insurance Investments & Financial Services Ltd. Acquires New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

Harel Insurance Investments & Financial Services Ltd. bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,435 shares of the transportation company’s stock, valued at approximately $249,000.

A number of other hedge funds also recently added to or reduced their stakes in CP. Grove Bank & Trust grew its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth $34,000. Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at $38,000. Finally, Kennebec Savings Bank bought a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.2 %

CP stock opened at $79.86 on Friday. 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 firm has a market capitalization of $74.56 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.01 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The company’s 50 day simple moving average is $74.91 and its 200-day simple moving average is $79.10.

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). The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on CP shares. Susquehanna dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Stifel Nicolaus lowered their price target 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. Wells Fargo & Company dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. One 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $92.63.

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.