Nykredit A S Takes $23.24 Million Position in Canadian Pacific Kansas City Limited $CP

Nykredit A S bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 268,158 shares of the transportation company’s stock, valued at approximately $23,241,000.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Advisors purchased a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $25,000. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $29,000. McMillan Office Inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $35,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.9%

NYSE CP opened at $91.28 on Friday. The company has a market capitalization of $80.18 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. 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 company’s fifty day moving average price is $91.31 and its two-hundred day moving average price is $86.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. The company’s revenue was up 12.6% on a year-over-year basis. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a $0.268 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 25.08%.

Analysts Set New Price Targets

CP has been the subject of several analyst reports. Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Wells Fargo & Company upped their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

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.