Canadian Pacific Kansas City Limited $CP Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 38.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,007,716 shares of the transportation company’s stock after selling 1,239,476 shares during the period. Canadian Pacific Kansas City accounts for 1.9% of Sustainable Growth Advisers LP’s portfolio, making the stock its 19th biggest position. Sustainable Growth Advisers LP’s holdings in Canadian Pacific Kansas City were worth $170,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Triasima Portfolio Management inc. raised its holdings in Canadian Pacific Kansas City by 93.9% in the third quarter. Triasima Portfolio Management inc. now owns 25,048 shares of the transportation company’s stock valued at $2,138,000 after acquiring an additional 12,133 shares in the last quarter. Ninety One UK Ltd boosted its stake in Canadian Pacific Kansas City by 0.6% during the 3rd quarter. Ninety One UK Ltd now owns 637,068 shares of the transportation company’s stock valued at $54,385,000 after acquiring an additional 3,574 shares during the last quarter. Formuepleje A S acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth $1,085,000. Reliant Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth $5,280,000. Finally, Sanders Morris Harris LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth $1,311,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $86.99 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market cap of $76.12 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.80 and a beta of 1.13. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The stock’s 50 day simple moving average is $89.65 and its 200 day simple moving average is $87.85.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 earnings per share. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.70 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a dividend of C$0.27 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 24.76%.

Analyst Ratings Changes

CP has been the subject of several research analyst reports. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.83.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.