Bowen Hanes & Co. Inc. Trims Position in Canadian Pacific Kansas City Limited $CP

Bowen Hanes & Co. Inc. lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 33,367 shares of the transportation company’s stock after selling 7,890 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wealth Watch Advisors INC bought a new stake in Canadian Pacific Kansas City during the third quarter valued at about $36,000. Cornerstone Planning Group LLC grew its holdings in Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares during the period. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the first quarter valued at about $35,000. Aventura Private Wealth LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $37,000. Finally, McIlrath & Eck LLC grew its holdings in Canadian Pacific Kansas City by 475.3% during the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 423 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CP. Citigroup boosted their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $96.50.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $89.16 on Thursday. The stock has a 50 day moving average of $83.96 and a 200 day moving average of $79.27. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $91.50. The firm has a market cap of $79.10 billion, a PE ratio of 27.52, a PEG ratio of 1.93 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the company posted $1.06 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.68%.

About Canadian Pacific Kansas City

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.