Allspring Global Investments Holdings LLC Sells 535,435 Shares of Canadian Pacific Kansas City Limited $CP

Allspring Global Investments Holdings LLC lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,486,521 shares of the transportation company’s stock after selling 535,435 shares during the period. Canadian Pacific Kansas City makes up approximately 0.7% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 16th largest holding. Allspring Global Investments Holdings LLC’s holdings in Canadian Pacific Kansas City were worth $408,471,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $27,000. Caldwell Trust Co purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $30,000. Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $36,000. Cornerstone Planning Group LLC grew its holdings in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth $35,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CP. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Evercore cut their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Barclays reduced their price target on Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Price Performance

CP opened at $77.61 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $69.69 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. The stock has a fifty day simple moving average of $80.64 and a two-hundred day simple moving average of $76.07. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 20.74%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.