Bowen Hanes & Co. Inc. Lowers Holdings in Canadian Pacific Kansas City Limited $CP

Bowen Hanes & Co. Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,367 shares of the transportation company’s stock after selling 7,890 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Dover Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 12.9% in the 4th quarter. Dover Advisors LLC now owns 9,161 shares of the transportation company’s stock worth $676,000 after purchasing an additional 1,049 shares during the last quarter. Capital Innovations LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $10,465,000. Channing Global Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 2.8% in the fourth quarter. Channing Global Advisors LLC now owns 188,028 shares of the transportation company’s stock worth $13,859,000 after purchasing an additional 5,186 shares during the last quarter. Minneapolis Portfolio Management Group LLC raised its stake in shares of Canadian Pacific Kansas City by 5.2% in the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 330,189 shares of the transportation company’s stock worth $24,312,000 after purchasing an additional 16,272 shares during the last quarter. Finally, Bearing Point Capital LLC raised its stake in shares of Canadian Pacific Kansas City by 14.9% in the fourth quarter. Bearing Point Capital LLC now owns 40,386 shares of the transportation company’s stock worth $2,974,000 after purchasing an additional 5,246 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday, May 29th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Citigroup boosted their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.50.

Canadian Pacific Kansas City Stock Down 1.1%

Canadian Pacific Kansas City stock opened at $89.16 on Thursday. The stock has a market cap of $79.10 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $91.50. The stock has a fifty day moving average of $83.96 and a 200 day moving average of $79.27.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Canadian Pacific Kansas City Profile

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.