Canadian Pacific Kansas City Limited $CP Shares Bought by CenterBook Partners LP

CenterBook Partners LP raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 196.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,098 shares of the transportation company’s stock after buying an additional 16,639 shares during the period. CenterBook Partners LP’s holdings in Canadian Pacific Kansas City were worth $1,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 0.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after acquiring an additional 139 shares during the period. Assetmark Inc. increased its stake in Canadian Pacific Kansas City by 28.5% during the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock worth $68,000 after purchasing an additional 191 shares during the period. Signaturefd LLC lifted its position in shares of Canadian Pacific Kansas City by 1.0% during the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock worth $1,507,000 after purchasing an additional 207 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Canadian Pacific Kansas City by 1.4% during the second quarter. Brookstone Capital Management now owns 14,760 shares of the transportation company’s stock worth $1,170,000 after purchasing an additional 209 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.7% in the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CP shares. Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Citigroup cut their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Jefferies Financial Group set a $90.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $84.66 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $85.15. The firm’s 50 day moving average is $75.54 and its two-hundred day moving average is $74.65. The firm has a market capitalization of $76.00 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.78 and a beta of 1.10.

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

Canadian Pacific Kansas City Dividend Announcement

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

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.