Ninety One UK Ltd Grows Holdings in Canadian Pacific Kansas City Limited $CP

Ninety One UK Ltd boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,021,992 shares of the transportation company’s stock after purchasing an additional 34,179 shares during the period. Ninety One UK Ltd owned about 0.11% of Canadian Pacific Kansas City worth $76,132,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Mather Group LLC. bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $114,000. Allspring Global Investments Holdings LLC lifted its holdings in Canadian Pacific Kansas City by 3.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,021,956 shares of the transportation company’s stock worth $450,623,000 after acquiring an additional 187,066 shares during the period. Merit Financial Group LLC boosted its position in Canadian Pacific Kansas City by 4.1% in the third quarter. Merit Financial Group LLC now owns 10,561 shares of the transportation company’s stock worth $787,000 after purchasing an additional 412 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE boosted its position in Canadian Pacific Kansas City by 0.5% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 97,467 shares of the transportation company’s stock worth $7,260,000 after purchasing an additional 469 shares during the last quarter. Finally, Ethic Inc. bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $595,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $73.61 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The firm has a market capitalization of $66.05 billion, a P/E ratio of 22.44, a PEG ratio of 1.87 and a beta of 1.11. The business has a fifty day moving average price of $72.71 and a 200-day moving average price of $75.39.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period last year, the company posted $0.99 EPS. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

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.