Arrowstreet Capital Limited Partnership Buys 754,853 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Arrowstreet Capital Limited Partnership grew its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 873.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 841,273 shares of the transportation company's stock after buying an additional 754,853 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.09% of Canadian Pacific Kansas City worth $60,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Okabena Investment Services Inc. lifted its stake in Canadian Pacific Kansas City by 9.6% during the fourth quarter. Okabena Investment Services Inc. now owns 12,920 shares of the transportation company's stock worth $935,000 after purchasing an additional 1,132 shares during the last quarter. Allianz SE bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $463,000. Ramirez Asset Management Inc. acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $2,083,000. Duff & Phelps Investment Management Co. boosted its stake in Canadian Pacific Kansas City by 132.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 332,450 shares of the transportation company's stock valued at $24,059,000 after buying an additional 189,656 shares in the last quarter. Finally, Norges Bank acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $914,090,000. Institutional investors own 72.20% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CP. Wells Fargo & Company reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a research report on Wednesday, January 8th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, StockNews.com cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.68.

Canadian Pacific Kansas City Trading Down 0.3 %

Shares of NYSE:CP traded down $0.22 during trading on Friday, reaching $70.26. The stock had a trading volume of 6,834,637 shares, compared to its average volume of 2,594,950. Canadian Pacific Kansas City Limited has a 52 week low of $68.00 and a 52 week high of $89.26. The firm's fifty day moving average is $75.73 and its 200 day moving average is $76.87. The stock has a market cap of $65.60 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Canadian Pacific Kansas City Profile

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.