PenderFund Capital Management Ltd. Invests $2.34 Million in Canadian Pacific Kansas City Limited $CP

PenderFund Capital Management Ltd. bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,000 shares of the transportation company’s stock, valued at approximately $2,341,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saranac Partners Ltd purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth about $6,773,000. HighTower Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after buying an additional 37,044 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $1,983,000. Rathbones Group PLC raised its position in shares of Canadian Pacific Kansas City by 5.9% during the 4th quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after buying an additional 95,727 shares during the period. Finally, WGI DM LLC lifted its holdings in Canadian Pacific Kansas City by 3.9% in the fourth quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock valued at $32,237,000 after acquiring an additional 16,282 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $93.89 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The company has a market cap of $82.47 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.85 and a beta of 1.10. The stock has a 50-day moving average of $90.76 and a two-hundred day moving average of $86.67. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 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, October 26th. Shareholders of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a 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 currently 25.08%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CP. Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Argus set a $105.00 price target on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Wells Fargo & Company increased their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

About Canadian Pacific Kansas City

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.