Duff & Phelps Investment Management Co. Decreases Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Duff & Phelps Investment Management trimmed its stake in Canadian Pacific Kansas City by 3.6% in Q3, selling 14,180 shares and retaining 379,288 shares valued at about $28.25 million.
• Other institutions moved sharply—BNP Paribas added ~924,994 shares to reach 925,107, Legal & General holds 7,193,408 shares, and total institutional ownership is roughly 72.2%.
• Analysts rate CP a "Moderate Buy" (10 Buys, 4 Holds) with an average target of $92; the company recently missed quarterly EPS ($0.95 vs. $0.99) and announced a quarterly dividend of $0.228 (annualized $0.91, ~1.1% yield).

Duff & Phelps Investment Management Co. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 379,288 shares of the transportation company's stock after selling 14,180 shares during the quarter. Duff & Phelps Investment Management Co.'s holdings in Canadian Pacific Kansas City were worth $28,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Canadian Pacific Kansas City by 2.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,406,653 shares of the transportation company's stock valued at $328,123,000 after purchasing an additional 88,066 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Canadian Pacific Kansas City by 818,578.8% during the third quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company's stock worth $68,911,000 after buying an additional 924,994 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Canadian Pacific Kansas City by 12.3% during the third quarter. Van ECK Associates Corp now owns 324,376 shares of the transportation company's stock worth $24,155,000 after buying an additional 35,474 shares in the last quarter. Capital World Investors increased its stake in shares of Canadian Pacific Kansas City by 96.3% during the third quarter. Capital World Investors now owns 13,166 shares of the transportation company's stock worth $981,000 after buying an additional 6,458 shares during the period. Finally, Legal & General Group Plc raised its holdings in Canadian Pacific Kansas City by 6.1% in the third quarter. Legal & General Group Plc now owns 7,193,408 shares of the transportation company's stock valued at $535,836,000 after acquiring an additional 413,042 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on CP. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Citigroup dropped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. National Bank Financial cut shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 8th. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Tuesday, March 3rd. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $83.11 on Thursday. The company has a market capitalization of $74.63 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $89.42. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $78.73 and a 200 day moving average price of $75.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) 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 analysts' consensus estimates of $0.99 by ($0.04). The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced 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. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.43%.

Canadian Pacific Kansas City Profile

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.

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