SG Americas Securities LLC Decreases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

SG Americas Securities LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 82.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,539 shares of the transportation company’s stock after selling 44,139 shares during the quarter. SG Americas Securities LLC’s holdings in Canadian Pacific Kansas City were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CP. V Square Quantitative Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $520,000. Virtu Financial LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $541,000. Syon Capital LLC lifted its stake in shares of Canadian Pacific Kansas City by 22.4% in the 4th quarter. Syon Capital LLC now owns 11,549 shares of the transportation company’s stock valued at $913,000 after acquiring an additional 2,116 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Canadian Pacific Kansas City by 7.0% during the 4th quarter. Fisher Asset Management LLC now owns 379,356 shares of the transportation company’s stock valued at $29,992,000 after purchasing an additional 24,818 shares during the period. Finally, Wahed Invest LLC increased its holdings in Canadian Pacific Kansas City by 10.4% during the 4th quarter. Wahed Invest LLC now owns 7,248 shares of the transportation company’s stock valued at $576,000 after purchasing an additional 680 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 1.1 %

Shares of Canadian Pacific Kansas City stock opened at $82.06 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The business has a 50-day moving average price of $82.47 and a 200-day moving average price of $81.91. The firm has a market cap of $76.59 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 19.86%.

Analyst Ratings Changes

CP has been the topic of a number of research analyst reports. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Citigroup started coverage on Canadian Pacific Kansas City in a research report on Wednesday. They issued a “buy” rating and a $97.00 price target on the stock. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Evercore ISI boosted 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. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $97.90.

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.