Triasima Portfolio Management inc. Sells 30,360 Shares of Canadian Pacific Kansas City Limited $CP

Triasima Portfolio Management inc. trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 80.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,340 shares of the transportation company’s stock after selling 30,360 shares during the period. Triasima Portfolio Management inc.’s holdings in Canadian Pacific Kansas City were worth $547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CP. Pacific Heights Asset Management LLC increased its holdings in Canadian Pacific Kansas City by 21.2% during the third quarter. Pacific Heights Asset Management LLC now owns 200,000 shares of the transportation company’s stock worth $14,898,000 after buying an additional 35,000 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 5.2% in the third quarter. Verdence Capital Advisors LLC now owns 6,755 shares of the transportation company’s stock valued at $503,000 after buying an additional 336 shares during the last quarter. Tradewinds LLC. bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $343,000. NorthCrest Asset Manangement LLC increased its holdings in shares of Canadian Pacific Kansas City by 2.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 227,579 shares of the transportation company’s stock worth $17,690,000 after acquiring an additional 4,542 shares during the last quarter. Finally, Tred Avon Family Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $413,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.36.

Canadian Pacific Kansas City Stock Up 0.3%

Canadian Pacific Kansas City stock opened at $72.64 on Tuesday. The company has a market capitalization of $65.20 billion, a PE ratio of 22.07, a PEG ratio of 1.60 and a beta of 1.10. The firm’s fifty day moving average is $72.71 and its 200 day moving average is $74.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company posted $0.99 earnings per share. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Canadian Pacific Kansas City Company 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.