Van Lanschot Kempen Investment Management N.V. Buys 25,564 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Van Lanschot Kempen Investment Management N.V. raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 30.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,527 shares of the transportation company's stock after purchasing an additional 25,564 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Canadian Pacific Kansas City were worth $7,854,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. Finally, Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded up $0.11 during trading on Thursday, reaching $73.04. The stock had a trading volume of 2,977,774 shares, compared to its average volume of 2,704,246. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $73.83 and a two-hundred day simple moving average of $75.67. The firm has a market capitalization of $67.95 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its 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 net margin of 25.51% and a return on equity of 8.86%. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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 given a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

Analysts Set New Price Targets

Several research firms have issued reports on CP. Stephens boosted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada increased their target price 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. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Citigroup dropped their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.16.

Canadian Pacific Kansas City Company 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.