Aberdeen Group plc Increases Holdings in Canadian Pacific Kansas City Limited $CP

Aberdeen Group plc lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.8% during the fourth quarter, HoldingsChannel reports. The firm owned 427,225 shares of the transportation company’s stock after purchasing an additional 37,987 shares during the quarter. Aberdeen Group plc’s holdings in Canadian Pacific Kansas City were worth $31,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Canadian Pacific Kansas City by 16.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,850,737 shares of the transportation company’s stock valued at $1,018,952,000 after purchasing an additional 1,792,388 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Canadian Pacific Kansas City by 17.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,219,835 shares of the transportation company’s stock valued at $649,575,000 after purchasing an additional 1,204,732 shares during the period. Lazard Asset Management LLC grew its holdings in Canadian Pacific Kansas City by 281.2% during the third quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock valued at $102,711,000 after purchasing an additional 1,017,576 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Canadian Pacific Kansas City by 818,578.8% in the third quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock worth $68,911,000 after buying an additional 924,994 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $78.93 on Friday. The stock’s 50-day simple moving average is $81.18 and its 200 day simple moving average is $76.14. The stock has a market capitalization of $70.82 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the firm earned $1.29 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid 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 yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 20.74%.

Analysts Set New Price Targets

CP has been the topic of a number of recent research reports. Citigroup dropped their price target 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. Evercore decreased their price objective on 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City 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, Barclays reduced their target price on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.82.

Canadian Pacific Kansas City 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.