Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 9,270,972 Canadian Pacific Kansas City Limited $CP

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,270,972 shares of the transportation company’s stock, valued at approximately $802,983,000. Canadian Pacific Kansas City accounts for about 1.5% of Connor Clark & Lunn Investment Management Ltd.’s holdings, making the stock its 10th biggest position. Connor Clark & Lunn Investment Management Ltd. owned about 1.06% of Canadian Pacific Kansas City as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock valued at $46,434,000 after buying an additional 37,044 shares during the period. Jennison Associates LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $1,983,000. Saranac Partners Ltd bought a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $5,973,000. Rathbones Group PLC boosted its holdings in Canadian Pacific Kansas City by 5.9% in the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock worth $127,342,000 after acquiring an additional 95,727 shares in the last quarter. Finally, WGI DM LLC grew its stake in Canadian Pacific Kansas City by 3.9% in the fourth quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock valued at $32,237,000 after acquiring an additional 16,282 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of NYSE:CP opened at $96.81 on Monday. The business’s 50 day moving average is $90.21 and its 200 day moving average is $86.24. 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 cap of $85.04 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm posted $1.12 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors 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 of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 25.08%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. 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. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Finally, Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City 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.