Causeway Capital Management LLC Has $1.01 Billion Stock Holdings in Canadian Pacific Kansas City Limited $CP

Causeway Capital Management LLC lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,522,873 shares of the transportation company’s stock after selling 1,157,626 shares during the quarter. Canadian Pacific Kansas City comprises about 13.3% of Causeway Capital Management LLC’s investment portfolio, making the stock its biggest holding. Causeway Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,007,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $206,000. Assetmark Inc. increased its holdings in shares of Canadian Pacific Kansas City by 28.5% in the 2nd quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock worth $68,000 after buying an additional 191 shares during the last quarter. Finally, Modera Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $213,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CP has been the topic of several analyst reports. Citigroup reduced their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $83.95 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market capitalization of $75.39 billion, a P/E ratio of 25.99, a PEG ratio of 1.78 and a beta of 1.05. The business has a 50-day moving average price of $78.35 and a 200 day moving average price of $75.61. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $89.42.

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 the consensus estimate of $0.99 by ($0.04). The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 earnings per share. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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

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.