Two Sigma Investments LP Invests $45.79 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Two Sigma Investments LP acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 632,718 shares of the transportation company's stock, valued at approximately $45,790,000. Two Sigma Investments LP owned approximately 0.07% of Canadian Pacific Kansas City as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock valued at $60,000 after acquiring an additional 133 shares in the last quarter. Wiser Advisor Group LLC boosted its position in shares of Canadian Pacific Kansas City by 9.5% in the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock worth $125,000 after purchasing an additional 150 shares in the last quarter. Advisory Services Network LLC grew its stake in Canadian Pacific Kansas City by 2.2% during the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after buying an additional 152 shares during the last quarter. Transatlantique Private Wealth LLC increased its position in Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after buying an additional 157 shares in the last quarter. Finally, BKM Wealth Management LLC increased its position in Canadian Pacific Kansas City by 2.2% during the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock valued at $526,000 after buying an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded down $0.27 during trading hours on Monday, reaching $80.13. The company had a trading volume of 2,040,245 shares, compared to its average volume of 2,794,941. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market cap of $74.56 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The business's 50 day moving average price is $74.00 and its 200-day moving average price is $75.21. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the company posted $0.93 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 21.28%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CP. Royal Bank of Canada dropped their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Jefferies Financial Group decreased their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI cut their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report 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. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of $90.63.

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.