Leonteq Securities AG Takes Position in Canadian Pacific Kansas City Limited $CP

Leonteq Securities AG acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, Holdings Channel.com reports. The firm acquired 7,114 shares of the transportation company’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CP. Intech Investment Management LLC increased its position in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after buying an additional 2,940 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Sivia Capital Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth approximately $206,000. Prudential Financial Inc. increased its position in shares of Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after purchasing an additional 369 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the subject of several research reports. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.89.

Canadian Pacific Kansas City Stock Down 0.5%

Shares of CP opened at $86.28 on Friday. 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 Limited has a one year low of $68.42 and a one year high of $89.42. The stock has a market capitalization of $76.59 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.86 and a beta of 1.09. The stock has a 50 day moving average price of $82.49 and a 200 day moving average price of $78.17.

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

Canadian Pacific Kansas City Increases Dividend

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

Canadian Pacific Kansas City 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.