Meixler Investment Management Ltd. Invests $1.64 Million in Canadian Pacific Kansas City Limited $CP

Meixler Investment Management Ltd. purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,076 shares of the transportation company’s stock, valued at approximately $1,644,000. Canadian Pacific Kansas City accounts for 1.0% of Meixler Investment Management Ltd.’s portfolio, making the stock its 26th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Canadian Pacific Kansas City by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 38,223,823 shares of the transportation company’s stock worth $3,036,558,000 after buying an additional 1,080,835 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Canadian Pacific Kansas City by 0.7% in the second quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock valued at $1,665,106,000 after buying an additional 136,970 shares in the last quarter. Invesco Ltd. grew its holdings in Canadian Pacific Kansas City by 15.1% during the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock worth $1,549,210,000 after acquiring an additional 2,559,104 shares during the period. Mackenzie Financial Corp raised its position in Canadian Pacific Kansas City by 0.9% in the second quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock worth $1,311,512,000 after acquiring an additional 150,963 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Canadian Pacific Kansas City by 87.2% in the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after acquiring an additional 7,454,810 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Natl Bk Canada cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Evercore dropped their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Finally, Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $80.50 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $72.26 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The firm has a 50-day moving average price of $73.77 and a two-hundred day moving average price of $74.12. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.43%.

Canadian Pacific Kansas City Company 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.