Harvest Portfolios Group Inc. Increases Stake in Canadian Pacific Kansas City Limited $CP

Harvest Portfolios Group Inc. boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.5% during the 3rd quarter, Holdings Channel reports. The fund owned 42,687 shares of the transportation company’s stock after acquiring an additional 6,672 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Canadian Pacific Kansas City were worth $3,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 0.8% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after purchasing an additional 139 shares in the last quarter. Assetmark Inc. grew its stake in shares of Canadian Pacific Kansas City by 28.5% during the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock worth $68,000 after purchasing an additional 191 shares in the last quarter. Signaturefd LLC increased its holdings in Canadian Pacific Kansas City by 1.0% in the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after buying an additional 207 shares during the last quarter. Savant Capital LLC increased its holdings in Canadian Pacific Kansas City by 0.7% in the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after buying an additional 220 shares during the last quarter. Finally, Pacifica Partners Inc. raised its stake in Canadian Pacific Kansas City by 12.0% in the third quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock valued at $161,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.4%

Shares of NYSE CP opened at $87.48 on Friday. The business has a 50-day moving average price of $76.98 and a 200 day moving average price of $75.11. The stock has a market cap of $78.53 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. Canadian Pacific Kansas City’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a dividend of $0.228 per share. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.0%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.43%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Evercore lowered their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.