Old West Investment Management LLC Purchases 6,955 Shares of Canadian Pacific Kansas City Limited $CP

Old West Investment Management LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 58,985 shares of the transportation company’s stock after purchasing an additional 6,955 shares during the quarter. Old West Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $5,111,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Canadian Pacific Kansas City by 0.9% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after buying an additional 48,258 shares during the last quarter. HighTower Advisors LLC boosted its stake in Canadian Pacific Kansas City by 6.2% in the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock valued at $46,434,000 after acquiring an additional 37,044 shares during the last quarter. Jennison Associates LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth $1,983,000. Saranac Partners Ltd acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth $5,973,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Canadian Pacific Kansas City by 2.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,708,432 shares of the transportation company’s stock valued at $125,733,000 after acquiring an additional 44,021 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CP. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Trading Up 0.0%

CP opened at $93.53 on Monday. The firm’s fifty day moving average is $89.72 and its two-hundred day moving average is $85.50. The firm has a market cap of $82.16 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $94.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. Equities research 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 announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 25.08%.

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.