Sustainable Insight Capital Management LLC Has $739,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Sustainable Insight Capital Management LLC increased its stake in Canadian Pacific Kansas City by 72.5% in Q1, owning 10,522 shares valued at approximately $739,000.
• Canadian Pacific Kansas City recently declared an increased quarterly dividend of $0.1651 per share, resulting in a yield of 0.9%.
• Analysts have set a consensus price target of $92.30 for the company, with a majority rating it as a "Moderate Buy."

Sustainable Insight Capital Management LLC boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 72.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,522 shares of the transportation company's stock after acquiring an additional 4,422 shares during the period. Sustainable Insight Capital Management LLC's holdings in Canadian Pacific Kansas City were worth $739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Capital Insight Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 0.4% during the first quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock valued at $2,858,000 after acquiring an additional 143 shares in the last quarter. Davidson Trust Co. grew its stake in Canadian Pacific Kansas City by 3.2% in the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after purchasing an additional 144 shares in the last quarter. Advisory Services Network LLC grew its stake in Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after purchasing an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC grew its stake in Canadian Pacific Kansas City by 1.6% in the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after purchasing an additional 157 shares in the last quarter. Finally, Tradewinds LLC. grew its stake in Canadian Pacific Kansas City by 3.8% in the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CP. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Stephens lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada decreased their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, Citigroup lifted their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Price Performance

CP traded up $0.24 during trading on Friday, reaching $74.12. The stock had a trading volume of 1,614,758 shares, compared to its average volume of 3,221,071. The firm has a market capitalization of $67.72 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The stock has a 50 day moving average of $78.61 and a two-hundred day moving average of $76.78.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a $0.1651 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.56%.

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.