Centaurus Financial Inc. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) in the second quarter, HoldingsChannel reports. The institutional investor bought 10,535 shares of the transportation company’s stock, valued at approximately $913,000.
Several other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after acquiring an additional 2,940 shares in the last quarter. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Sivia Capital Partners LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth about $206,000. Prudential Financial Inc. increased its position in Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after purchasing an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 369 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on CP. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Finally, Susquehanna increased their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.
Canadian Pacific Kansas City Stock Performance
CP stock opened at $94.04 on Friday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. The firm has a market cap of $82.60 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a 50-day simple moving average of $90.92 and a two-hundred day simple moving average of $86.72.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.
Canadian Pacific Kansas City Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.
Canadian Pacific Kansas City Profile
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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