Ramirez Asset Management Inc. Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Ramirez Asset Management Inc. acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,778 shares of the transportation company's stock, valued at approximately $2,083,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of Canadian Pacific Kansas City by 61.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company's stock valued at $1,694,000 after purchasing an additional 7,573 shares during the last quarter. Cerity Partners LLC lifted its holdings in Canadian Pacific Kansas City by 33.0% in the third quarter. Cerity Partners LLC now owns 81,567 shares of the transportation company's stock valued at $6,977,000 after buying an additional 20,220 shares during the period. Larson Financial Group LLC boosted its position in Canadian Pacific Kansas City by 20.6% during the third quarter. Larson Financial Group LLC now owns 2,518 shares of the transportation company's stock valued at $215,000 after acquiring an additional 430 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $530,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Canadian Pacific Kansas City by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,895 shares of the transportation company's stock valued at $248,000 after purchasing an additional 1,120 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up $0.34 during trading on Tuesday, reaching $70.55. 775,830 shares of the company's stock traded hands, compared to its average volume of 2,523,988. The firm's 50-day moving average is $76.36 and its 200 day moving average is $77.31. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1 year low of $68.00 and a 1 year high of $89.26. The company has a market capitalization of $65.87 billion, a P/E ratio of 24.32, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted 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%. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

CP has been the subject of several recent analyst reports. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Stifel Nicolaus lowered their price objective 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. Royal Bank of Canada increased their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.95.

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.