Man Group plc Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Man Group plc acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 252,266 shares of the transportation company's stock, valued at approximately $18,256,000.

Other hedge funds have also bought and sold shares of the company. Barclays PLC raised its stake in 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 worth $250,602,000 after acquiring an additional 81,111 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Canadian Pacific Kansas City by 6.6% during 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 purchasing an additional 1,762 shares during the last quarter. Park Avenue Securities LLC increased its position in Canadian Pacific Kansas City by 5.1% during the 4th quarter. Park Avenue Securities LLC now owns 38,831 shares of the transportation company's stock worth $2,811,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake 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.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. 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. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Susquehanna boosted their price objective on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $90.63.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.93 on Wednesday, reaching $81.06. 3,034,282 shares of the company traded hands, compared to its average volume of 2,808,116. 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 company has a 50 day moving average of $73.67 and a 200 day moving average of $75.20. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The firm has a market capitalization of $75.42 billion, a PE ratio of 27.95, a PEG ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) 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 business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts forecast 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. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is currently 21.28%.

Canadian Pacific Kansas City Company 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.