GSA Capital Partners LLP acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 8,076 shares of the transportation company’s stock, valued at approximately $700,000.
A number of other large investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in Canadian Pacific Kansas City by 60.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,579,331 shares of the transportation company’s stock worth $136,857,000 after acquiring an additional 596,252 shares during the period. Cumberland Partners Ltd lifted its holdings in Canadian Pacific Kansas City by 9.4% during the second quarter. Cumberland Partners Ltd now owns 61,876 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 5,304 shares in the last quarter. Gold Investment Management Ltd. boosted its position in shares of Canadian Pacific Kansas City by 0.6% in the second quarter. Gold Investment Management Ltd. now owns 89,391 shares of the transportation company’s stock worth $7,747,000 after purchasing an additional 505 shares during the period. Walter Public Investments Inc. boosted its position in shares of Canadian Pacific Kansas City by 4.0% in the second quarter. Walter Public Investments Inc. now owns 118,222 shares of the transportation company’s stock worth $10,235,000 after purchasing an additional 4,550 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 1.4% in the second quarter. HighTower Advisors LLC now owns 747,038 shares of the transportation company’s stock worth $64,731,000 after purchasing an additional 10,391 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Citigroup boosted their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Wells Fargo & Company upped their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.60.
Canadian Pacific Kansas City Trading Up 0.9%
Shares of CP stock opened at $94.53 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $95.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $89.96 and its two-hundred day simple moving average is $85.94. The company has a market cap of $83.03 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. Canadian Pacific Kansas City’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.
Canadian Pacific Kansas City Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.
About Canadian Pacific Kansas City
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.
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