Dynamic Technology Lab Private Ltd Invests $530,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Dynamic Technology Lab Private Ltd bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,191 shares of the transportation company’s stock, valued at approximately $530,000.

A number of other institutional investors have also made changes to their positions in CP. Fisher Asset Management LLC raised its holdings in Canadian Pacific Kansas City by 10.3% in the third quarter. Fisher Asset Management LLC now owns 1,353,769 shares of the transportation company’s stock valued at $115,801,000 after acquiring an additional 126,602 shares in the last quarter. Larson Financial Group LLC raised its holdings in Canadian Pacific Kansas City by 20.6% in the third quarter. Larson Financial Group LLC now owns 2,518 shares of the transportation company’s stock valued at $215,000 after acquiring an additional 430 shares in the last quarter. Cerity Partners LLC raised its holdings in Canadian Pacific Kansas City by 33.0% in the third quarter. Cerity Partners LLC now owns 81,567 shares of the transportation company’s stock valued at $6,977,000 after acquiring an additional 20,220 shares in the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Canadian Pacific Kansas City by 20.8% in the third quarter. Montrusco Bolton Investments Inc. now owns 30,089 shares of the transportation company’s stock valued at $2,576,000 after acquiring an additional 5,177 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Canadian Pacific Kansas City by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,054,976 shares of the transportation company’s stock valued at $175,944,000 after acquiring an additional 107,025 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CP. Bank of America cut their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Barclays upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Citigroup cut their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their target price for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Finally, Evercore ISI increased their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

Canadian Pacific Kansas City Stock Up 1.7 %

CP stock opened at $76.62 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a fifty-two week low of $71.08 and a fifty-two week high of $91.58. The firm’s 50-day simple moving average is $79.26 and its 200 day simple moving average is $80.24. The stock has a market cap of $71.51 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business earned $0.69 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.