Sei Investments Co. Grows Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Sei Investments Co. lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 785,351 shares of the transportation company’s stock after acquiring an additional 161,109 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Canadian Pacific Kansas City worth $56,836,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CP. Allspring Global Investments Holdings LLC grew its stake in Canadian Pacific Kansas City by 281.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after purchasing an additional 2,532,519 shares during the last quarter. National Bank of Canada FI raised its position in Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after buying an additional 1,348,474 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock worth $245,403,000 after purchasing an additional 769,202 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Canadian Pacific Kansas City during the third quarter valued at $63,179,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 2.4 %

Shares of Canadian Pacific Kansas City stock opened at $71.83 on Monday. 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 stock’s 50 day simple moving average is $76.69 and its 200-day simple moving average is $77.86. The stock has a market cap of $67.07 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CP shares. Stephens raised their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Wolfe Research upgraded 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 report on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two 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 data from MarketBeat.com, the stock currently has a consensus 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.