Bluegrass Capital Partners LP Acquires 25,000 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Bluegrass Capital Partners LP lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,000 shares of the transportation company’s stock after buying an additional 25,000 shares during the period. Canadian Pacific Kansas City makes up approximately 8.3% of Bluegrass Capital Partners LP’s holdings, making the stock its 7th largest position. Bluegrass Capital Partners LP’s holdings in Canadian Pacific Kansas City were worth $9,408,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after buying an additional 2,532,519 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Canadian Pacific Kansas City by 84.4% in the 3rd 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. Raymond James Financial Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Canadian Pacific Kansas City by 36.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock worth $245,403,000 after acquiring an additional 769,202 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $63,179,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CP. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company reduced their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Barclays reduced their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Trading Down 4.3 %

Shares of CP opened at $74.36 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The stock has a market cap of $69.42 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The firm has a 50 day simple moving average of $76.86 and a 200-day simple moving average of $78.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.