Osterweis Capital Management Inc. Invests $26.41 Million in Canadian Pacific Kansas City Limited $CP

Osterweis Capital Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 304,752 shares of the transportation company’s stock, valued at approximately $26,407,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fiduciary Financial Advisors bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at $26,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CP. Royal Bank Of Canada reissued an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $94.69 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The stock has a 50 day moving average of $90.32 and a 200-day moving average of $86.36. The company has a market capitalization of $83.17 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.89 and a beta of 1.10.

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

Canadian Pacific Kansas City Dividend Announcement

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

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.