Stonegate Investment Group LLC Sells 291 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Stonegate Investment Group LLC decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,877 shares of the transportation company’s stock after selling 291 shares during the period. Stonegate Investment Group LLC’s holdings in Canadian Pacific Kansas City were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CP. National Bank of Canada FI raised its position in shares of Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after acquiring an additional 1,348,474 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock valued at $245,403,000 after buying an additional 769,202 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $63,179,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Canadian Pacific Kansas City by 39.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after buying an additional 565,783 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock valued at $501,219,000 after buying an additional 537,418 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the subject of several research analyst reports. Citigroup decreased their price target on shares of 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. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.63.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $78.66 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a 50 day moving average price of $75.15 and a 200 day moving average price of $79.05. The stock has a market capitalization of $73.44 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Analysts predict that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current fiscal year.

Canadian Pacific Kansas City 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.