GSA Capital Partners LLP acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) during the third quarter, according to its most recent filing with the SEC. The firm acquired 8,141 shares of the transportation company’s stock, valued at approximately $696,000.
Several other hedge funds have also recently made changes to their positions in CP. Intech Investment Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $2,551,000. Vanguard Group Inc. increased its position in shares of Canadian Pacific Kansas City by 1.7% during the first quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock valued at $3,079,474,000 after buying an additional 588,701 shares during the period. TIAA Trust National Association lifted its holdings in Canadian Pacific Kansas City by 2.0% in the first quarter. TIAA Trust National Association now owns 8,904 shares of the transportation company’s stock worth $785,000 after buying an additional 172 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter worth about $443,000. Finally, Lake Street Advisors Group LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter worth about $292,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on CP. Bank of America reduced their target price 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. Citigroup decreased their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stephens decreased their price target on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $93.68.
Canadian Pacific Kansas City Stock Down 2.5 %
Canadian Pacific Kansas City stock opened at $73.99 on Monday. The firm has a market cap of $69.06 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 2.20 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $69.27 and a 12 month high of $91.58. The stock has a fifty day simple moving average of $81.44 and a two-hundred day simple moving average of $80.66.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.76%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.64%.
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.
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