Rovida Investment Management Ltd Acquires Shares of 150,000 Canadian Pacific Kansas City Limited (NYSE:CP)

Rovida Investment Management Ltd bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 150,000 shares of the transportation company’s stock, valued at approximately $10,858,000. Canadian Pacific Kansas City comprises about 3.4% of Rovida Investment Management Ltd’s investment portfolio, making the stock its 7th biggest holding.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock valued at $2,662,978,000 after buying an additional 491,966 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after purchasing an additional 537,418 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock valued at $368,661,000 after purchasing an additional 85,542 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock worth $373,540,000 after purchasing an additional 313,298 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $73.32 on Tuesday. The firm has a market capitalization of $68.46 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average price is $76.68 and its two-hundred day moving average price is $77.78. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.45.

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.