Cambridge Investment Research Advisors Inc. raised its position in Canadian Pacific Kansas City Limited (NYSE:CP – Get Rating) (TSE:CP) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,352 shares of the transportation company’s stock after purchasing an additional 1,779 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Canadian Pacific Kansas City were worth $1,593,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Canadian Pacific Kansas City by 18.5% during the 4th quarter. Van ECK Associates Corp now owns 86,795 shares of the transportation company’s stock worth $6,470,000 after purchasing an additional 13,551 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Canadian Pacific Kansas City by 7.6% during the 4th quarter. Russell Investments Group Ltd. now owns 759,916 shares of the transportation company’s stock worth $56,674,000 after purchasing an additional 53,483 shares during the last quarter. Lincoln National Corp acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $263,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $224,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $295,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.
Canadian Pacific Kansas City Trading Down 0.5 %
Shares of CP stock opened at $82.40 on Thursday. The firm has a 50 day moving average price of $78.03 and a two-hundred day moving average price of $77.77. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $76.72 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. Canadian Pacific Kansas City Limited has a 12-month low of $65.17 and a 12-month high of $83.44.
Canadian Pacific Kansas City Cuts Dividend
Analyst Ratings Changes
Several equities analysts have commented on the company. Wells Fargo & Company upped their price target on Canadian Pacific Kansas City from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 1st. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 15th. Stifel Nicolaus decreased their price target on Canadian Pacific Kansas City from $78.00 to $75.00 in a research report on Tuesday, April 18th. Argus upgraded Canadian Pacific Kansas City from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Tuesday. Finally, BMO Capital Markets started coverage on Canadian Pacific Kansas City in a research report on Tuesday, April 18th. They issued an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $89.40.
About Canadian Pacific Kansas City
Canadian Pacific Kansas City Ltd. provides rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001 and is headquartered in Calgary, Canada.
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