Fiera Capital Corp Acquires 349,688 Shares of Canadian Pacific Kansas City Limited $CP

Fiera Capital Corp increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,213,733 shares of the transportation company’s stock after purchasing an additional 349,688 shares during the quarter. Canadian Pacific Kansas City accounts for 1.5% of Fiera Capital Corp’s portfolio, making the stock its 20th biggest holding. Fiera Capital Corp’s holdings in Canadian Pacific Kansas City were worth $457,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CP. Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $978,558,000. Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Canadian Pacific Kansas City by 206.0% during the fourth quarter. BNP Paribas Financial Markets now owns 2,830,409 shares of the transportation company’s stock valued at $208,403,000 after purchasing an additional 1,905,302 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 21.9% during the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after purchasing an additional 1,517,323 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 281.2% during the third quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock valued at $102,711,000 after purchasing an additional 1,017,576 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $90.07 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $84.36 and a two-hundred day simple moving average of $79.54. The stock has a market cap of $79.91 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.92 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CP. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.63.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.