M.D. Sass LLC Invests $61.08 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

M.D. Sass LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 843,934 shares of the transportation company’s stock, valued at approximately $61,076,000. Canadian Pacific Kansas City accounts for 4.6% of M.D. Sass LLC’s portfolio, making the stock its 10th largest position. M.D. Sass LLC owned 0.09% of Canadian Pacific Kansas City as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth approximately $34,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $73.32 on Tuesday. The firm has a market capitalization of $68.46 billion, a price-to-earnings ratio of 25.28, a PEG 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 business’s 50-day moving average price is $76.68 and its 200-day moving average price is $77.78. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Barclays cut their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

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.