Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,616 shares of the transportation company’s stock after buying an additional 987 shares during the period. Crossmark Global Holdings Inc.’s holdings in Canadian Pacific Kansas City were worth $3,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AE Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $217,000. Ensign Peak Advisors Inc lifted its holdings in Canadian Pacific Kansas City by 1.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 63,350 shares of the transportation company’s stock worth $5,173,000 after purchasing an additional 900 shares in the last quarter. AlTi Global Inc. lifted its holdings in Canadian Pacific Kansas City by 78.8% during the 2nd quarter. AlTi Global Inc. now owns 19,152 shares of the transportation company’s stock worth $1,510,000 after purchasing an additional 8,442 shares in the last quarter. AXA S.A. grew its holdings in Canadian Pacific Kansas City by 25.9% during the 2nd quarter. AXA S.A. now owns 245,765 shares of the transportation company’s stock valued at $19,349,000 after buying an additional 50,607 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Canadian Pacific Kansas City by 10.5% during the second quarter. APG Asset Management N.V. now owns 909,571 shares of the transportation company’s stock valued at $66,822,000 after buying an additional 86,481 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 1.1 %

CP stock opened at $78.51 on Thursday. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a market capitalization of $73.29 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The company’s 50 day moving average price is $74.66 and its two-hundred day moving average price is $79.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $3.59 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CP shares. Sanford C. Bernstein cut their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Stephens upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $81.00 to $88.00 in a research report on Monday, January 6th. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Finally, Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.63.

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.