Lombard Odier Asset Management Europe Ltd Buys New Stake in Canadian Pacific Kansas City Limited $CP

Lombard Odier Asset Management Europe Ltd acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 106,459 shares of the transportation company’s stock, valued at approximately $9,221,000.

Several other large investors have also recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its position in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after acquiring an additional 2,940 shares during the period. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $206,000. Prudential Financial Inc. boosted its position in shares of Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after acquiring an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 369 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.2%

CP opened at $94.04 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The stock has a market capitalization of $82.60 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.83 and a beta of 1.10. The business has a 50 day simple moving average of $90.92 and a 200-day simple moving average of $86.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.Canadian Pacific Kansas City’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 25.08%.

Wall Street Analyst Weigh In

CP has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $108.60.

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.