Dynamic Technology Lab Private Ltd Takes Position in Canadian Pacific Kansas City Limited $CP

Dynamic Technology Lab Private Ltd bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the first quarter, Holdings Channel.com reports. The fund bought 36,826 shares of the transportation company’s stock, valued at approximately $2,586,000.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Canadian Pacific Kansas City by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after purchasing an additional 31,508 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Canadian Pacific Kansas City by 70.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock worth $421,000 after acquiring an additional 2,467 shares during the last quarter. CX Institutional acquired a new position in Canadian Pacific Kansas City during the first quarter worth about $61,000. Janney Montgomery Scott LLC boosted its position in Canadian Pacific Kansas City by 28.8% during the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company’s stock worth $7,106,000 after acquiring an additional 22,606 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Canadian Pacific Kansas City by 1.0% during the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company’s stock worth $2,012,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.2%

Shares of NYSE CP opened at $76.64 on Friday. The company has a 50 day simple moving average of $77.06 and a 200-day simple moving average of $76.48. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market capitalization of $70.02 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.15 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $1.05 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.56%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CP. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Susquehanna restated a “positive” rating and set a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. The Goldman Sachs Group restated a “neutral” rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Barclays boosted their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $92.30.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.