Value Partners Investments Inc. Boosts Stock Holdings in Canadian Pacific Kansas City Limited $CP

Value Partners Investments Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 39.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 722,870 shares of the transportation company’s stock after purchasing an additional 205,654 shares during the period. Canadian Pacific Kansas City comprises approximately 4.3% of Value Partners Investments Inc.’s holdings, making the stock its 9th largest holding. Value Partners Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $56,771,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth $29,000. McMillan Office Inc. bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $31,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Finally, Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.9%

NYSE:CP opened at $87.81 on Friday. The firm has a market capitalization of $77.71 billion, a P/E ratio of 27.10, a PEG ratio of 1.86 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. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $91.52. The company’s 50-day simple moving average is $86.74 and its 200 day simple moving average is $81.18.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results 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). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business posted $1.06 EPS. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 23.77%.

Analyst Upgrades and Downgrades

CP has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Friday, May 29th. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Susquehanna reiterated a “positive” rating and set a $104.00 target price on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.30.

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.