HighTower Advisors LLC Raises Holdings in Canadian Pacific Kansas City Limited $CP

HighTower Advisors LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 747,038 shares of the transportation company’s stock after buying an additional 10,391 shares during the quarter. HighTower Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $64,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth $978,558,000. Janus Henderson Group PLC boosted its position in shares of Canadian Pacific Kansas City by 586.1% during the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after purchasing an additional 5,251,755 shares in the last quarter. FIL Ltd boosted its position in shares of Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after purchasing an additional 2,804,686 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 5,826.3% during the 1st quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock worth $199,605,000 after purchasing an additional 2,502,104 shares during the period. Finally, Canoe Financial LP grew its stake in shares of Canadian Pacific Kansas City by 45,389.7% during the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock worth $159,885,000 after purchasing an additional 2,028,010 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce upped their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Susquehanna increased their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Finally, Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Trading Down 0.4%

NYSE:CP opened at $93.53 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $94.66. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $89.72 and a 200-day simple moving average of $85.41. The company has a market capitalization of $82.16 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the company earned $1.12 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

Canadian Pacific Kansas City Company 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.