Dilation Capital Management LP Has $12.68 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Dilation Capital Management LP increased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,269 shares of the transportation company’s stock after purchasing an additional 7,105 shares during the period. Canadian Pacific Kansas City makes up 6.3% of Dilation Capital Management LP’s investment portfolio, making the stock its 5th largest holding. Dilation Capital Management LP’s holdings in Canadian Pacific Kansas City were worth $12,683,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $30,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $35,000. SJS Investment Consulting Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $39,000. Finally, Quent Capital LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $71.98 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The firm has a market cap of $64.61 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.55 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The firm’s 50-day simple moving average is $72.67 and its two-hundred day simple moving average is $74.56.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.12%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CP. Citigroup set a $88.00 price objective on Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $92.36.

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.