Wexford Capital LP Sells 1,153 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wexford Capital LP decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,847 shares of the transportation company’s stock after selling 1,153 shares during the period. Wexford Capital LP’s holdings in Canadian Pacific Kansas City were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wahed Invest LLC boosted its stake in shares of Canadian Pacific Kansas City by 12.8% in the 3rd quarter. Wahed Invest LLC now owns 12,438 shares of the transportation company’s stock valued at $1,064,000 after purchasing an additional 1,413 shares in the last quarter. Soros Fund Management LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at about $14,065,000. Quantinno Capital Management LP grew its stake in Canadian Pacific Kansas City by 10.0% during the third quarter. Quantinno Capital Management LP now owns 48,544 shares of the transportation company’s stock worth $4,156,000 after buying an additional 4,425 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 0.6% during the third quarter. Royal London Asset Management Ltd. now owns 429,369 shares of the transportation company’s stock worth $36,728,000 after buying an additional 2,558 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth approximately $63,179,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.0 %

Canadian Pacific Kansas City stock opened at $76.36 on Friday. The company’s 50 day simple moving average is $78.50 and its 200 day simple moving average is $80.09. The firm has a market capitalization of $71.27 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.24 and a beta of 0.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $72.22 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CP. Evercore ISI increased their price target 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. Barclays increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Bank of America decreased their price objective on shares of 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, Stephens dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.88.

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.