Quantbot Technologies LP Lowers Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Quantbot Technologies LP lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 71.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,304 shares of the transportation company's stock after selling 28,251 shares during the period. Quantbot Technologies LP's holdings in Canadian Pacific Kansas City were worth $818,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $36,000. 1620 Investment Advisors Inc. purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $99,000. Ballast Advisors LLC lifted its position in Canadian Pacific Kansas City by 3.3% in the 4th quarter. Ballast Advisors LLC now owns 9,494 shares of the transportation company's stock valued at $687,000 after acquiring an additional 305 shares in the last quarter. Whittier Trust Co. lifted its position in Canadian Pacific Kansas City by 14.2% in the 4th quarter. Whittier Trust Co. now owns 24,527 shares of the transportation company's stock valued at $1,775,000 after acquiring an additional 3,059 shares in the last quarter. Finally, Viawealth LLC boosted its stake in Canadian Pacific Kansas City by 39.6% during the 4th quarter. Viawealth LLC now owns 7,038 shares of the transportation company's stock valued at $509,000 after purchasing an additional 1,996 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on CP. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday, January 16th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Wells Fargo & Company dropped their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.95.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $2.24 during trading on Friday, hitting $69.31. The company had a trading volume of 4,274,392 shares, compared to its average volume of 2,526,440. Canadian Pacific Kansas City Limited has a 12 month low of $69.28 and a 12 month high of $89.26. 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 firm has a market capitalization of $64.72 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The stock has a 50 day simple moving average of $76.45 and a 200 day simple moving average of $77.42.

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, beating the consensus estimate 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 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.76%. Canadian Pacific Kansas City's payout ratio is presently 17.93%.

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.