Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 174,640 shares of the transportation company’s stock after selling 1,418 shares during the quarter. Canadian Pacific Kansas City makes up about 3.6% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 10th largest holding. Kirr Marbach & Co. LLC IN’s holdings in Canadian Pacific Kansas City were worth $13,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $1,136,503,000. Wellington Management Group LLP increased its position in shares of Canadian Pacific Kansas City by 1,151.2% during the first quarter. Wellington Management Group LLP now owns 7,157,741 shares of the transportation company’s stock worth $591,239,000 after buying an additional 6,585,655 shares during the period. Legal & General Group Plc acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $481,016,000. Sustainable Growth Advisers LP increased its position in shares of Canadian Pacific Kansas City by 151.4% during the third quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after buying an additional 4,726,098 shares during the period. Finally, Causeway Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $305,505,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.70 during mid-day trading on Tuesday, hitting $84.82. 261,195 shares of the stock were exchanged, compared to its average volume of 2,030,927. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a 50-day simple moving average of $87.17 and a 200 day simple moving average of $79.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $79.10 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.20 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.1415 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, March 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 17.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CP shares. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Stifel Nicolaus raised their price objective on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Friday. Bank of America raised their price objective on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $95.29.

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.