Sterling Capital Management LLC Has $1.01 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Sterling Capital Management LLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 42.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,953 shares of the transportation company's stock after buying an additional 4,145 shares during the period. Sterling Capital Management LLC's holdings in Canadian Pacific Kansas City were worth $1,010,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $914,090,000. Allspring Global Investments Holdings LLC increased its stake in shares of Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock worth $252,912,000 after purchasing an additional 2,532,519 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after purchasing an additional 2,177,604 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Canadian Pacific Kansas City by 27.2% in the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock worth $404,849,000 after purchasing an additional 1,179,108 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Canadian Pacific Kansas City by 260.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,457,682 shares of the transportation company's stock worth $105,492,000 after buying an additional 1,053,570 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 2.2 %

Shares of NYSE CP traded up $1.64 during midday trading on Friday, hitting $74.55. The stock had a trading volume of 1,729,295 shares, compared to its average volume of 2,712,010. The company's 50-day simple moving average is $74.21 and its 200 day simple moving average is $75.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market cap of $69.35 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $88.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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%. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Analyst Ratings Changes

A number of research analysts have recently commented on CP shares. Jefferies Financial Group lowered their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Finally, Barclays decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Two 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.75.

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.