William Blair Investment Management LLC Acquires 499,627 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• William Blair Investment Management acquired 499,627 Canadian Pacific Kansas City shares in the third quarter, worth about $42.5 million and representing approximately 0.06% of the company.
• For its latest reported quarter, CPKC posted revenue of $2.96 billion, up 15.2% year over year, but earnings of $0.91 per share fell short of the $0.94 analyst consensus.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $112.58. The company also declared a quarterly dividend of C$0.27 per share.

William Blair Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 499,627 shares of the transportation company's stock, valued at approximately $42,518,000. William Blair Investment Management LLC owned approximately 0.06% of Canadian Pacific Kansas City as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Allworth Financial LP raised its position in shares of Canadian Pacific Kansas City by 1.1% during the 3rd quarter. Allworth Financial LP now owns 88,429 shares of the transportation company's stock worth $7,662,000 after purchasing an additional 925 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Canadian Pacific Kansas City by 2.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,618,868 shares of the transportation company's stock worth $137,834,000 after buying an additional 39,537 shares during the last quarter. Eurizon Capital SGR S.p.A. boosted its holdings in Canadian Pacific Kansas City by 14.8% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 287,857 shares of the transportation company's stock worth $24,497,000 after buying an additional 37,045 shares during the last quarter. Fifth Third Bancorp increased its stake in Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Fifth Third Bancorp now owns 62,946 shares of the transportation company's stock worth $5,357,000 after buying an additional 491 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in Canadian Pacific Kansas City by 2.0% during the 3rd quarter. King Luther Capital Management Corp now owns 13,745 shares of the transportation company's stock worth $1,170,000 after buying an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

CP traded down $0.55 on Friday, reaching $94.05. 1,431,919 shares of the company's stock were exchanged, compared to its average volume of 2,577,968. The stock has a market cap of $81.86 billion, a PE ratio of 30.14, a P/E/G ratio of 2.00 and a beta of 1.06. Canadian Pacific Kansas City Limited has a twelve month low of $68.83 and a twelve month high of $96.90. The stock's fifty day moving average price is $88.79 and its 200-day moving average price is $86.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.52 and a quick ratio of 0.44.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.03). Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The firm's revenue was up 15.2% on a year-over-year basis. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.67 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Thursday, December 31st will be given a C$0.27 dividend. The ex-dividend date is Thursday, December 31st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio is 24.68%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Weiss Ratings cut Canadian Pacific Kansas City from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, October 29th. Susquehanna lifted their price target on Canadian Pacific Kansas City from $98.00 to $105.00 and gave the stock a "positive" rating in a research note on Tuesday, November 3rd. Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 29th. Finally, Stephens reduced their price objective on Canadian Pacific Kansas City from $96.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $112.58.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited NYSE: CP, known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America. CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.

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