Lombard Odier Asset Management Europe Ltd Purchases New Position in Canadian Pacific Kansas City Limited $CP

Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 50,584 shares of the transportation company’s stock, valued at approximately $3,724,000.

Several other institutional investors have also modified their holdings of CP. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $978,558,000. Invesco Ltd. lifted its stake in shares of Canadian Pacific Kansas City by 18.3% in the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Canadian Pacific Kansas City by 206.0% in the 4th quarter. BNP Paribas Financial Markets now owns 2,830,409 shares of the transportation company’s stock worth $208,403,000 after buying an additional 1,905,302 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 21.9% in the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after purchasing an additional 1,517,323 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $82,827,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CP shares. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.40.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of Canadian Pacific Kansas City stock opened at $89.17 on Wednesday. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.52. The company has a market capitalization of $79.11 billion, a PE ratio of 27.52, a P/E/G ratio of 1.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The business has a 50-day moving average of $85.93 and a 200-day moving average of $80.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly 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). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $1.06 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS 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, July 27th. Investors of record on Friday, June 26th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 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.