Capital Innovations LLC Makes New Investment in Canadian Pacific Kansas City Limited $CP

Capital Innovations LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 142,128 shares of the transportation company’s stock, valued at approximately $10,465,000. Canadian Pacific Kansas City accounts for 3.0% of Capital Innovations LLC’s portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CP. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Cornerstone Planning Group LLC boosted its holdings in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares during the period. Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $37,000. Finally, McIlrath & Eck LLC boosted its holdings in Canadian Pacific Kansas City by 475.3% in the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after acquiring an additional 423 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $90.20 on Wednesday. The business’s 50 day moving average is $83.52 and its two-hundred day moving average is $79.02. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.46. The firm has a market cap of $80.02 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.90 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

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 business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. 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 Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.68%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.50.

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.