Mirova US LLC Has $155.96 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Mirova US LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,093,702 shares of the transportation company’s stock after selling 89,178 shares during the period. Canadian Pacific Kansas City comprises 1.6% of Mirova US LLC’s holdings, making the stock its 24th largest position. Mirova US LLC’s holdings in Canadian Pacific Kansas City were worth $155,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CP. Vanderbilt University increased its stake in Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after acquiring an additional 7,050 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. increased its position in shares of Canadian Pacific Kansas City by 2.2% in the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after purchasing an additional 14,260 shares during the period. Key Financial Inc acquired a new position in Canadian Pacific Kansas City in the second quarter valued at about $371,000. Ninety One North America Inc. lifted its position in Canadian Pacific Kansas City by 135.7% during the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock worth $16,394,000 after purchasing an additional 119,052 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Canadian Pacific Kansas City by 7.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,935,337 shares of the transportation company’s stock worth $153,847,000 after purchasing an additional 136,981 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CP shares. Royal Bank Of Canada dropped their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Evercore ISI reduced their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of NYSE:CP opened at $74.74 on Tuesday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The company has a market capitalization of $67.06 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The company has a fifty day moving average of $72.79 and a 200-day moving average of $75.44.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same quarter in the prior year, the firm earned $0.99 EPS. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a $0.228 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.12%.

About Canadian Pacific Kansas City

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.