Assenagon Asset Management S.A. Purchases 1,762 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Assenagon Asset Management S.A. increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,386 shares of the transportation company’s stock after purchasing an additional 1,762 shares during the period. Assenagon Asset Management S.A.’s holdings in Canadian Pacific Kansas City were worth $2,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $217,000. Ensign Peak Advisors Inc increased its position in Canadian Pacific Kansas City by 1.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 63,350 shares of the transportation company’s stock valued at $5,173,000 after acquiring 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 buying an additional 8,442 shares in the last quarter. AXA S.A. increased its position in Canadian Pacific Kansas City by 25.9% in the second quarter. AXA S.A. now owns 245,765 shares of the transportation company’s stock worth $19,349,000 after purchasing an additional 50,607 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in Canadian Pacific Kansas City by 10.5% in 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. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.1 %

Shares of Canadian Pacific Kansas City stock opened at $78.51 on Thursday. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. 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 firm has a 50-day moving average of $74.66 and a 200-day moving average of $79.10. The stock has a market cap of $73.29 billion, a PE ratio of 28.04, a PEG ratio of 1.92 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results 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 company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the company earned $0.69 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on CP. Susquehanna cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Bank of America lowered their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Evercore ISI boosted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $92.63.

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.