Quaero Capital S.A. Acquires Shares of 2,801 Canadian Pacific Kansas City Limited $CP

Quaero Capital S.A. 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 SEC. The institutional investor acquired 2,801 shares of the transportation company’s stock, valued at approximately $222,000.

Other hedge funds have also modified their holdings of the company. Capital Insight Partners LLC increased its position in Canadian Pacific Kansas City by 0.4% in the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock worth $2,858,000 after purchasing an additional 143 shares during the last quarter. Redmond Asset Management LLC grew its position in shares of Canadian Pacific Kansas City by 0.5% in the first quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock valued at $2,220,000 after purchasing an additional 148 shares during the last quarter. Accretive Wealth Partners LLC grew its position in shares of Canadian Pacific Kansas City by 1.3% in the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after purchasing an additional 157 shares during the last quarter. Financial Partners Group Inc grew its position in shares of Canadian Pacific Kansas City by 0.3% in the first quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock valued at $3,464,000 after purchasing an additional 158 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Canadian Pacific Kansas City by 6.3% in the first quarter. Lindbrook Capital LLC now owns 2,708 shares of the transportation company’s stock valued at $190,000 after purchasing an additional 161 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CP has been the topic of a number of research analyst reports. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Citigroup lowered their price objective on shares of 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. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Susquehanna set a $87.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Royal Bank Of Canada decreased their price target on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $70.35 on Thursday. The stock’s fifty day simple moving average is $75.19 and its 200 day simple moving average is $76.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a market cap of $63.35 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.02 and a beta of 1.08. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

About Canadian Pacific Kansas City

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.