Canadian Pacific Kansas City Limited $CP Shares Purchased by CenterBook Partners LP

CenterBook Partners LP raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 196.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,098 shares of the transportation company’s stock after buying an additional 16,639 shares during the period. CenterBook Partners LP’s holdings in Canadian Pacific Kansas City were worth $1,870,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.8% in the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after acquiring an additional 139 shares during the last quarter. Assetmark Inc. lifted its holdings in Canadian Pacific Kansas City by 28.5% in the 2nd quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 191 shares in the last quarter. Signaturefd LLC boosted its stake in Canadian Pacific Kansas City by 1.0% during the 3rd quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock worth $1,507,000 after purchasing an additional 207 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Canadian Pacific Kansas City by 1.4% during the second quarter. Brookstone Capital Management now owns 14,760 shares of the transportation company’s stock worth $1,170,000 after buying an additional 209 shares in the last quarter. Finally, Savant Capital LLC raised its position in shares of Canadian Pacific Kansas City by 0.7% in the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after buying an additional 220 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $84.66 on Friday. The firm has a market cap of $76.00 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $85.15. The business’s fifty day simple moving average is $75.54 and its 200-day simple moving average is $74.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Wall Street Analyst Weigh In

CP has been the subject of several research reports. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Sunday, February 15th. Citigroup lowered their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $124.00 price objective (down previously from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.00.

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.