K.J. Harrison & Partners Inc Has $7.13 Million Position in Canadian Pacific Kansas City Limited $CP

K.J. Harrison & Partners Inc lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 97.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 93,990 shares of the transportation company’s stock after acquiring an additional 46,460 shares during the period. Canadian Pacific Kansas City comprises 1.0% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 24th largest position. K.J. Harrison & Partners Inc’s holdings in Canadian Pacific Kansas City were worth $7,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $30,000. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth $35,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares in the last quarter. Finally, SJS Investment Consulting Inc. bought a new position in Canadian Pacific Kansas City in the third quarter valued at about $39,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CP shares. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $85.89 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. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $86.55. The company has a 50 day simple moving average of $76.46 and a two-hundred day simple moving average of $74.93. The company has a market capitalization of $77.10 billion, a PE ratio of 26.59, a P/E/G ratio of 1.84 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS 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 8.88%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

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