Arrowstreet Capital Limited Partnership Buys 754,853 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Arrowstreet Capital Limited Partnership raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 873.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 841,273 shares of the transportation company’s stock after acquiring an additional 754,853 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Canadian Pacific Kansas City were worth $60,856,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $36,000. Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. Finally, Curio Wealth LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the subject of a number of analyst reports. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday, March 27th. Barclays cut their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Finally, Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.95.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $71.11 on Wednesday. Canadian Pacific Kansas City Limited has a 1 year low of $68.00 and a 1 year high of $89.26. 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 50 day moving average is $76.23 and its 200-day moving average is $77.20. The firm has a market capitalization of $66.40 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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%. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 17.93%.

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.