15,254 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Acquired by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,254 shares of the transportation company’s stock, valued at approximately $1,104,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Finally, Curio Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $39,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. 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 note on Wednesday, January 8th. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Down 2.4 %

CP opened at $71.83 on Friday. The company 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. The business’s 50-day moving average price is $76.69 and its 200-day moving average price is $77.94. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $90.56.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping 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%. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.