EagleClaw Capital Managment LLC Increases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

EagleClaw Capital Managment LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 200.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,051 shares of the transportation company’s stock after purchasing an additional 8,038 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Canadian Pacific Kansas City were worth $1,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. S&CO Inc. grew its position in Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after acquiring an additional 11,000 shares during the last quarter. Swiss National Bank grew its holdings in Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after purchasing an additional 23,000 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth $11,810,000. Cetera Investment Advisers lifted its position in Canadian Pacific Kansas City by 272.0% during the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after purchasing an additional 40,380 shares during the period. Finally, Magnetar Financial LLC bought a new position in Canadian Pacific Kansas City in the first quarter valued at about $2,629,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup cut their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Sanford C. Bernstein lowered their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Stephens reduced their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, Evercore ISI lifted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.68.

Canadian Pacific Kansas City Price Performance

CP traded down $0.71 during trading on Wednesday, reaching $73.07. The company’s stock had a trading volume of 220,161 shares, compared to its average volume of 2,198,257. The firm has a fifty day simple moving average of $81.02 and a two-hundred day simple moving average of $80.58. The company has a market cap of $68.20 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.20 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1 year low of $69.27 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 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. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.00%.

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.