Crestline Management LP Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Crestline Management LP purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 104,802 shares of the transportation company's stock, valued at approximately $7,585,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $2,602,000. Oak Family Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $262,000. Barclays PLC grew its holdings in shares of Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after buying an additional 81,111 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $249,000. Finally, Phraction Management LLC lifted its stake in Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after acquiring an additional 4,641 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Jefferies Financial Group reduced their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Evercore ISI reduced their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.71.

Canadian Pacific Kansas City Stock Down 1.3 %

Canadian Pacific Kansas City stock opened at $73.96 on Tuesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a market capitalization of $68.80 billion, a PE ratio of 25.50, a P/E/G ratio of 2.00 and a beta of 1.09. The company's 50-day moving average is $73.15 and its 200-day moving average is $75.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is currently 21.28%.

About Canadian Pacific Kansas City

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.

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