Thornburg Investment Management Inc. Increases Stock Holdings in Canadian Pacific Kansas City Limited $CP

Thornburg Investment Management Inc. raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,295,096 shares of the transportation company’s stock after acquiring an additional 250,341 shares during the quarter. Canadian Pacific Kansas City makes up approximately 2.2% of Thornburg Investment Management Inc.’s portfolio, making the stock its 13th biggest position. Thornburg Investment Management Inc. owned 0.25% of Canadian Pacific Kansas City worth $170,962,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CP. 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 acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the second quarter worth $206,000. Transcend Capital Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 2.9% during the second quarter. Transcend Capital Advisors LLC now owns 10,646 shares of the transportation company’s stock worth $844,000 after acquiring an additional 300 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Canadian Pacific Kansas City by 76.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 47,095 shares of the transportation company’s stock valued at $3,733,000 after acquiring an additional 20,333 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $85.89 on Thursday. The company’s 50 day simple moving average is $76.46 and its 200-day simple moving average is $74.93. The firm has a market cap of $77.10 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $86.55. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

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

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Monday. Evercore cut their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada reaffirmed 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. Barclays set a $93.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.