Canadian Pacific Kansas City Limited (NYSE:CP) Position Raised by Cantillon Capital Management LLC

Cantillon Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,705,152 shares of the transportation company's stock after buying an additional 310,588 shares during the quarter. Canadian Pacific Kansas City makes up about 1.9% of Cantillon Capital Management LLC's holdings, making the stock its 25th largest position. Cantillon Capital Management LLC owned about 0.40% of Canadian Pacific Kansas City worth $316,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. Grove Bank & Trust raised its stake in Canadian Pacific Kansas City by 56.0% in the 3rd 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 grew its holdings in 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 buying an additional 279 shares during the period. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at about $32,000. Chris Bulman Inc purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at about $35,000. Finally, Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.2 %

Shares of CP traded down $0.15 during trading on Tuesday, reaching $73.80. The company's stock had a trading volume of 3,136,738 shares, compared to its average volume of 2,207,170. 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 company has a market cap of $68.88 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.20 and a beta of 0.98. Canadian Pacific Kansas City Limited has a twelve month low of $69.27 and a twelve month high of $91.58. The company has a fifty day moving average of $81.02 and a two-hundred day moving average of $80.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CP. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Susquehanna upgraded Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and lowered their price target for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Stifel Nicolaus lowered their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a report on Friday, October 11th. Citigroup decreased their target price on 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. Finally, Stephens decreased their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.68.

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.