Asset One Wealth Management LLC Purchases 5,868 Shares of Canadian Pacific Kansas City Limited $CP

Asset One Wealth Management LLC grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 26.6% in the 3rd quarter, Holdings Channel reports. The fund owned 27,955 shares of the transportation company’s stock after acquiring an additional 5,868 shares during the period. Asset One Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $2,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CP. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Canadian Pacific Kansas City in the second quarter worth about $802,983,000. The Manufacturers Life Insurance Company bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $657,672,000. Legal & General Group Plc purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $604,797,000. Janus Henderson Group PLC increased its stake in shares of Canadian Pacific Kansas City by 9.8% in the first quarter. Janus Henderson Group PLC now owns 6,749,527 shares of the transportation company’s stock worth $530,551,000 after purchasing an additional 601,692 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $576,687,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent analyst reports. Citigroup reiterated a “cautious” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 7th. Barclays set a $104.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Stephens reduced their price target on shares of Canadian Pacific Kansas City from $96.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, October 29th. Susquehanna lifted their price target on shares of Canadian Pacific Kansas City from $98.00 to $105.00 and gave the stock a “positive” rating in a research report on Tuesday. Finally, Evercore reissued an “outperform” rating and issued a $96.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.58.

Canadian Pacific Kansas City Price Performance

CP opened at $92.06 on Friday. The business has a fifty day moving average of $88.52 and a 200 day moving average of $86.43. Canadian Pacific Kansas City Limited has a 52-week low of $68.50 and a 52-week high of $96.90. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.48. The stock has a market cap of $80.05 billion, a P/E ratio of 25.84, a PEG ratio of 1.93 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 28th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.67 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Thursday, December 31st will be paid a dividend of C$0.27 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 31st. Canadian Pacific Kansas City’s payout ratio is 24.68%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited (NYSE: CP), known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America.

CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.

The company was formed in April 2023 through the combination of Canadian Pacific Railway and Kansas City Southern.