Rathbones Group PLC Has $121.69 Million Position in Canadian Pacific Kansas City Limited $CP

Rathbones Group PLC cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,633,612 shares of the transportation company’s stock after selling 18,041 shares during the quarter. Rathbones Group PLC owned about 0.18% of Canadian Pacific Kansas City worth $121,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. Frank Rimerman Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 0.8% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after acquiring an additional 139 shares during the last quarter. Assetmark Inc. grew its holdings in Canadian Pacific Kansas City by 28.5% during the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 191 shares during the period. Signaturefd LLC grew its holdings in Canadian Pacific Kansas City by 1.0% during the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after purchasing an additional 207 shares during the period. Savant Capital LLC increased its stake in Canadian Pacific Kansas City by 0.7% in the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after purchasing an additional 220 shares in the last quarter. Finally, Pacifica Partners Inc. increased its stake in Canadian Pacific Kansas City by 12.0% in the third quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 231 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CP. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Citigroup cut their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $82.93 on Friday. The company has a fifty day moving average price of $78.17 and a two-hundred day moving average price of $75.52. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $89.42. The stock has a market cap of $74.47 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

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.