SG Americas Securities LLC Acquires 4,235 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

SG Americas Securities LLC lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 44.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,774 shares of the transportation company’s stock after purchasing an additional 4,235 shares during the quarter. SG Americas Securities LLC’s holdings in Canadian Pacific Kansas City were worth $997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CP. JPMorgan Chase & Co. increased its stake in shares of Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Franklin Resources Inc. lifted its stake in 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 worth $501,219,000 after purchasing an additional 537,418 shares in the last quarter. Fiera Capital Corp boosted its holdings in Canadian Pacific Kansas City by 1.9% in the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock valued at $497,918,000 after purchasing an additional 107,183 shares during the period. Geode Capital Management LLC grew its position in shares of Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after purchasing an additional 313,298 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 9.1% in the third quarter. Cantillon Capital Management LLC now owns 3,705,152 shares of the transportation company’s stock worth $316,939,000 after buying an additional 310,588 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $79.15 on Wednesday. The firm has a market capitalization of $73.89 billion, a PE ratio of 28.27, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a 50 day moving average price of $75.04 and a 200-day moving average price of $79.08. 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 quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

CP has been the topic of several research reports. 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 on the stock in a research note on Tuesday, January 7th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $81.00 to $88.00 in a report on Monday, January 6th. Sanford C. Bernstein lowered 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 note on Wednesday, October 9th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target 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.