Sienna Gestion Acquires Shares of 107,700 Canadian Pacific Kansas City Limited $CP

Sienna Gestion acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 107,700 shares of the transportation company’s stock, valued at approximately $7,315,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CP. Intech Investment Management LLC lifted its holdings in Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the first quarter worth $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at $206,000. Assetmark Inc. raised its position in shares of Canadian Pacific Kansas City by 28.5% in 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. Finally, Modera Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $213,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Down 2.7%

Shares of CP stock opened at $82.93 on Monday. The stock has a market cap of $74.47 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 1.78 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $89.42. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $78.17 and a 200 day simple moving average of $75.53.

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

Canadian Pacific Kansas City Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.