CenterBook Partners LP Sells 5,009 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

CenterBook Partners LP cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 35.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,154 shares of the transportation company's stock after selling 5,009 shares during the period. CenterBook Partners LP's holdings in Canadian Pacific Kansas City were worth $643,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Canadian Pacific Kansas City in the first quarter worth about $721,000. Deutsche Bank AG lifted its holdings in Canadian Pacific Kansas City by 3.1% in the first quarter. Deutsche Bank AG now owns 1,331,934 shares of the transportation company's stock worth $93,515,000 after acquiring an additional 40,481 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Canadian Pacific Kansas City by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,185,195 shares of the transportation company's stock worth $153,332,000 after acquiring an additional 54,581 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $1,389,000. Finally, Exencial Wealth Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 1.6% during the first quarter. Exencial Wealth Advisors LLC now owns 17,971 shares of the transportation company's stock valued at $1,262,000 after buying an additional 279 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 3.4%

Shares of NYSE:CP traded down $2.70 during midday trading on Friday, reaching $77.56. 5,603,511 shares of the company were exchanged, compared to its average volume of 2,844,535. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $80.63 and a two-hundred day simple moving average of $76.87. The firm has a market cap of $71.46 billion, a PE ratio of 26.20, a P/E/G ratio of 2.17 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

Analyst Upgrades and Downgrades

CP has been the topic of several recent analyst reports. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Bank of America lifted their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Evercore ISI lowered their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.95.

Canadian Pacific Kansas City Company Profile

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.