Quantbot Technologies LP Invests $3.38 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Quantbot Technologies LP acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 39,555 shares of the transportation company's stock, valued at approximately $3,384,000.

Other large investors also recently bought and sold shares of the company. Grove Bank & Trust grew its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after acquiring an additional 130 shares during the period. Addison Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after purchasing an additional 279 shares during the period. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $35,000. Chris Bulman Inc acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $35,000. Finally, Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter worth about $38,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. Barclays raised their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 25th. Bank of America lowered their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Finally, Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their price objective for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.88.

Canadian Pacific Kansas City Trading Up 1.3 %

Canadian Pacific Kansas City stock traded up $0.96 during trading on Thursday, hitting $75.35. The company's stock had a trading volume of 2,796,960 shares, compared to its average volume of 2,262,514. The stock's fifty day moving average is $79.45 and its 200 day moving average is $80.28. Canadian Pacific Kansas City Limited has a 1-year low of $69.66 and a 1-year high of $91.58. The stock has a market capitalization of $70.33 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 2.28 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 (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the company earned $0.69 EPS. The company's revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 20.00%.

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.