Gotham Asset Management LLC Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Gotham Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,459 shares of the transportation company's stock, valued at approximately $1,046,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CP. Barclays PLC grew its position 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 purchasing an additional 81,111 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after acquiring an additional 381,594 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Canadian Pacific Kansas City by 6.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 28,386 shares of the transportation company's stock valued at $2,054,000 after acquiring an additional 1,762 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Canadian Pacific Kansas City by 5.1% in the 4th quarter. Park Avenue Securities LLC now owns 38,831 shares of the transportation company's stock valued at $2,811,000 after acquiring an additional 1,879 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 12.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock valued at $118,000 after acquiring an additional 175 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.3%

NYSE CP traded down $0.27 on Friday, hitting $80.13. The stock had a trading volume of 2,040,245 shares, compared to its average volume of 2,802,102. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. 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 Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The business's fifty day moving average price is $74.00 and its 200 day moving average price is $75.26.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $2.56 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. 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 is 21.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Evercore ISI decreased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Susquehanna lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $90.63.

Canadian Pacific Kansas City 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.