Canadian Pacific Kansas City Limited $CP Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 27.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,985 shares of the transportation company’s stock after selling 16,703 shares during the quarter. Boston Common Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $3,351,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Triasima Portfolio Management inc. acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $2,989,000. Vanderbilt University boosted its holdings in shares of Canadian Pacific Kansas City by 10.3% in the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after purchasing an additional 7,050 shares during the last quarter. Cardinal Capital Management Inc. grew its position in Canadian Pacific Kansas City by 11.6% during the third quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock valued at $111,349,000 after acquiring an additional 155,640 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 2.2% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after purchasing an additional 14,260 shares during the period. Finally, Key Financial Inc acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter worth $371,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $71.98 on Thursday. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The stock has a market cap of $64.61 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.55 and a beta of 1.10. The firm has a 50 day simple moving average of $72.67 and a 200 day simple moving average of $74.56.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CP. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday. Citigroup set a $88.00 target price on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Evercore ISI reduced their price target on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.36.

Canadian Pacific Kansas City Company Profile

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.