Partners Group Holding AG Purchases Shares of 263,598 Canadian Pacific Kansas City Limited $CP

Partners Group Holding AG purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 263,598 shares of the transportation company’s stock, valued at approximately $19,376,000. Canadian Pacific Kansas City accounts for approximately 1.3% of Partners Group Holding AG’s holdings, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. Cornerstone Planning Group LLC lifted its holdings in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $36,000. Aventura Private Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $37,000. Finally, McIlrath & Eck LLC raised its holdings in shares of Canadian Pacific Kansas City by 475.3% during the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after acquiring an additional 423 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CP. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Evercore lowered their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Citigroup lifted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein raised their price target 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.89.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of CP opened at $86.13 on Wednesday. The business’s fifty day moving average price is $82.33 and its two-hundred day moving average price is $77.92. The firm has a market capitalization of $76.46 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.85 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $89.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.

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.