Erste Asset Management GmbH Sells 62,379 Shares of Canadian Pacific Kansas City Limited $CP

Erste Asset Management GmbH decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 42.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 84,974 shares of the transportation company’s stock after selling 62,379 shares during the period. Erste Asset Management GmbH’s holdings in Canadian Pacific Kansas City were worth $6,247,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. grew its holdings in Canadian Pacific Kansas City by 6.6% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,740 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 850 shares during the last quarter. Advisor OS LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $376,000. Thornburg Investment Management Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 12.2% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,295,096 shares of the transportation company’s stock worth $170,962,000 after buying an additional 250,341 shares during the period. K.J. Harrison & Partners Inc boosted its holdings in shares of Canadian Pacific Kansas City by 97.7% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 93,990 shares of the transportation company’s stock worth $7,129,000 after buying an additional 46,460 shares during the period. Finally, Intech Investment Management LLC grew its stake in Canadian Pacific Kansas City by 12.7% in the 3rd quarter. Intech Investment Management LLC now owns 23,894 shares of the transportation company’s stock valued at $1,780,000 after buying an additional 2,700 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 0.4%

Canadian Pacific Kansas City stock opened at $87.48 on Friday. The business has a 50 day moving average price of $76.98 and a two-hundred day moving average price of $75.11. 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 12 month low of $66.49 and a 12 month high of $88.96. The stock has a market cap of $78.53 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10.

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CP. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Barclays set a $93.00 target price on Canadian Pacific Kansas City in a research note on Thursday, January 29th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Finally, Evercore dropped their price target 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. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.