Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4,194,400.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 41,945 shares of the transportation company’s stock after buying an additional 41,944 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Canadian Pacific Kansas City were worth $3,587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its stake in shares of Canadian Pacific Kansas City by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,218 shares of the transportation company’s stock worth $3,440,000 after buying an additional 262 shares during the last quarter. Soros Capital Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $1,297,000. Westport Asset Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $247,000. Quantbot Technologies LP bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $3,384,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Canadian Pacific Kansas City by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,895 shares of the transportation company’s stock worth $248,000 after buying an additional 1,120 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Bank of America decreased their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Citigroup reduced their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.88.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $76.59 on Friday. The company’s 50 day simple moving average is $79.26 and its two-hundred day simple moving average is $80.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $71.08 and a 1 year high of $91.58. The stock has a market capitalization of $71.48 billion, a PE ratio of 27.35, a P/E/G ratio of 2.23 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Analysts predict that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is 19.64%.

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.