Hager Investment Management Services LLC Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Hager Investment Management Services LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,203 shares of the transportation company’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its position in shares of Canadian Pacific Kansas City by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,465 shares of the transportation company’s stock valued at $540,000 after acquiring an additional 226 shares during the last quarter. Calamos Wealth Management LLC lifted its position in Canadian Pacific Kansas City by 1,583.4% in the fourth quarter. Calamos Wealth Management LLC now owns 152,196 shares of the transportation company’s stock valued at $11,014,000 after buying an additional 143,155 shares during the last quarter. Calamos Advisors LLC lifted its position in Canadian Pacific Kansas City by 2,497.4% in the fourth quarter. Calamos Advisors LLC now owns 321,430 shares of the transportation company’s stock valued at $23,262,000 after buying an additional 309,055 shares during the last quarter. Jennison Associates LLC lifted its position in Canadian Pacific Kansas City by 341.2% in the fourth quarter. Jennison Associates LLC now owns 148,233 shares of the transportation company’s stock valued at $10,728,000 after buying an additional 114,633 shares during the last quarter. Finally, Oak Family Advisors LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $262,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 3.1 %

CP stock opened at $77.10 on Wednesday. The company’s 50 day moving average price is $75.36 and its 200 day moving average price is $78.89. 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 fifty-two week low of $70.89 and a fifty-two week high of $91.58. The firm has a market capitalization of $71.98 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.06 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.39 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid 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 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.62%.

Wall Street Analyst Weigh In

A number of research firms have commented on CP. Sanford C. Bernstein decreased their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Finally, Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.45.

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.