Canadian Pacific Kansas City Limited $CP Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 139,624 shares of the transportation company’s stock after acquiring an additional 18,028 shares during the period. Quantinno Capital Management LP’s holdings in Canadian Pacific Kansas City were worth $10,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CP. Modern Wealth Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after acquiring an additional 142 shares during the period. Essex Financial Services Inc. grew its holdings in Canadian Pacific Kansas City by 3.2% in the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 149 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in Canadian Pacific Kansas City by 3.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after purchasing an additional 157 shares during the last quarter. Fortune Financial Advisors LLC increased its position in Canadian Pacific Kansas City by 1.2% during the fourth quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after purchasing an additional 158 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in Canadian Pacific Kansas City by 2.1% during the fourth quarter. Vident Advisory LLC now owns 9,637 shares of the transportation company’s stock worth $710,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $90.73 on Tuesday. The firm has a fifty day moving average of $89.34 and a 200-day moving average of $84.25. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $93.95. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $80.00 billion, a P/E ratio of 29.17, a PEG ratio of 1.74 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.69 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is currently 25.08%.

Analysts Set New Price Targets

CP has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday. Citigroup boosted their price target 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. Finally, Argus set a $105.00 price target on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

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.