Beaconlight Capital LLC Invests $1.60 Million in Canadian Pacific Kansas City Limited $CP

Beaconlight Capital LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 1st quarter, Holdings Channel.com reports. The firm purchased 20,314 shares of the transportation company’s stock, valued at approximately $1,598,000. Canadian Pacific Kansas City accounts for 0.8% of Beaconlight Capital LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Modern Wealth Management LLC increased its stake in Canadian Pacific Kansas City by 1.2% in the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock valued at $950,000 after buying an additional 142 shares during the last quarter. Cromwell Holdings LLC lifted its position in shares of Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after buying an additional 145 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in Canadian Pacific Kansas City by 3.2% during the 1st 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 last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after buying an additional 157 shares during the period. Finally, Fortune Financial Advisors LLC boosted its holdings in shares of 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 acquiring an additional 158 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

CP stock opened at $92.40 on Friday. The company has a market capitalization of $81.78 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $93.95. The business has a 50-day simple moving average of $88.86 and a two-hundred day simple moving average of $83.39.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.69 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is currently 24.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CP shares. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wells Fargo & Company increased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.91.

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.