Ninety One North America Inc. Buys 8,711 Shares of Canadian Pacific Kansas City Limited $CP

Ninety One North America Inc. lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.2% in the third quarter, HoldingsChannel.com reports. The firm owned 215,496 shares of the transportation company’s stock after purchasing an additional 8,711 shares during the quarter. Ninety One North America Inc.’s holdings in Canadian Pacific Kansas City were worth $16,053,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanderbilt University lifted its stake in shares of Canadian Pacific Kansas City by 10.3% in the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after purchasing an additional 7,050 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. grew its stake in shares of Canadian Pacific Kansas City by 2.2% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after purchasing an additional 14,260 shares during the period. Key Financial Inc bought a new stake in Canadian Pacific Kansas City in the second quarter valued at about $371,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Canadian Pacific Kansas City by 7.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,935,337 shares of the transportation company’s stock valued at $153,847,000 after buying an additional 136,981 shares during the period. Finally, Cardinal Capital Management Inc. boosted its holdings in Canadian Pacific Kansas City by 11.6% during the third quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock worth $111,349,000 after buying an additional 155,640 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CP. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup dropped their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Trading Down 0.9%

CP opened at $73.61 on Thursday. The stock has a market capitalization of $66.05 billion, a P/E ratio of 22.44, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The firm’s fifty day simple moving average is $72.71 and its 200 day simple moving average is $75.39.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period in the prior year, the business earned $0.99 EPS. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

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.