Havemeyer Place LP Makes New Investment in Canadian Pacific Kansas City Limited $CP

Havemeyer Place LP acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, Holdings Channel.com reports. The firm acquired 16,132 shares of the transportation company’s stock, valued at approximately $1,188,000.

Several other institutional investors have also modified their holdings of the business. Cromwell Holdings LLC lifted its holdings in shares of Canadian Pacific Kansas City by 8.1% during the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares in the last quarter. Fortune Financial Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 158 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after purchasing an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 15.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,518 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 202 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Canadian Pacific Kansas City by 3.1% during the 3rd quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock valued at $504,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.2%

Shares of Canadian Pacific Kansas City stock opened at $90.07 on Monday. The business’s 50 day simple moving average is $84.36 and its 200 day simple moving average is $79.54. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.50. The firm has a market cap of $79.91 billion, a PE ratio of 27.80, a P/E/G ratio of 1.92 and a beta of 1.09. 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 announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) 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 firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the business posted $1.06 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts predict 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 declared 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 is a positive change 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 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 20.68%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CP shares. Sanford C. Bernstein lifted their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Finally, Susquehanna reiterated a “positive” rating and set a $104.00 price objective on shares of Canadian Pacific Kansas City in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $98.63.

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.