GSA Capital Partners LLP Buys Shares of 8,141 Canadian Pacific Kansas City Limited (NYSE:CP)

GSA Capital Partners LLP acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,141 shares of the transportation company's stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CP. Grove Bank & Trust increased its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after buying an additional 130 shares during the period. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $32,000. Addison Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 246.9% during the third 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. Chris Bulman Inc purchased a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $35,000. Finally, Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $38,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $0.04 during midday trading on Monday, reaching $73.95. 7,730,837 shares of the company's stock traded hands, compared to its average volume of 2,202,919. The company has a market cap of $69.02 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.20 and a beta of 0.98. 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 Limited has a one year low of $69.27 and a one year high of $91.58. The stock has a 50 day moving average of $81.22 and a 200 day moving average of $80.62.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders 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. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. Canadian Pacific Kansas City's dividend payout ratio is currently 19.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CP shares. Sanford C. Bernstein reduced their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Barclays upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Evercore ISI upped their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, October 11th. Finally, Stephens reduced their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.68.

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.