Ruffer LLP Takes $15.23 Million Position in Canadian Pacific Kansas City Limited $CP

Ruffer LLP bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 206,459 shares of the transportation company’s stock, valued at approximately $15,225,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after buying an additional 510,633 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Canadian Pacific Kansas City by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock worth $623,937,000 after buying an additional 698,705 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Canadian Pacific Kansas City by 6.1% during the 3rd quarter. Legal & General Group Plc now owns 7,193,408 shares of the transportation company’s stock worth $535,836,000 after buying an additional 413,042 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Canadian Pacific Kansas City by 3.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,021,956 shares of the transportation company’s stock worth $450,623,000 after buying an additional 187,066 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $82.46 on Wednesday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $89.42. The firm has a market cap of $73.58 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.76 and a beta of 1.07. The firm’s 50-day simple moving average is $82.21 and its 200 day simple moving average is $76.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the business posted $1.29 earnings per share. Canadian Pacific Kansas City’s revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.74%.

Wall Street Analyst Weigh In

CP has been the subject of a number of research reports. Barclays cut their target price on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. Sanford C. Bernstein raised their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Evercore cut their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.80.

About Canadian Pacific Kansas City

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.