Quantbot Technologies LP Purchases Shares of 39,555 Canadian Pacific Kansas City Limited (NYSE:CP)

Quantbot Technologies LP purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 39,555 shares of the transportation company’s stock, valued at approximately $3,384,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Grove Bank & Trust increased its stake in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $35,000. Finally, Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at $38,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

CP opened at $75.35 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $69.66 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company’s 50 day simple moving average is $79.68 and its 200 day simple moving average is $80.31. The stock has a market capitalization of $70.33 billion, a PE ratio of 26.91, a P/E/G ratio of 2.28 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 earnings per share. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stephens lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Citigroup cut their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price objective for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Finally, Bank of America decreased their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.88.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.