Van ECK Associates Corp Boosts Holdings in Canadian Pacific Kansas City Limited $CP

Van ECK Associates Corp raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 324,376 shares of the transportation company’s stock after buying an additional 35,474 shares during the quarter. Van ECK Associates Corp’s holdings in Canadian Pacific Kansas City were worth $24,155,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Frank Rimerman Advisors LLC raised its holdings in Canadian Pacific Kansas City by 0.8% during the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.0% in the 3rd 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 period. Savant Capital LLC boosted its stake in shares of 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 in the last quarter. Pacifica Partners Inc. grew its holdings in Canadian Pacific Kansas City by 12.0% during the third quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock worth $161,000 after acquiring an additional 231 shares during the period. Finally, Venturi Wealth Management LLC raised its position in Canadian Pacific Kansas City by 2.7% in the third quarter. Venturi Wealth Management LLC now owns 10,076 shares of the transportation company’s stock worth $751,000 after acquiring an additional 261 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CP has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Citigroup decreased their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Trading Down 1.0%

Canadian Pacific Kansas City stock opened at $83.11 on Thursday. The stock has a 50-day moving average price of $78.73 and a 200 day moving average price of $75.72. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $89.42. The stock has a market cap of $74.63 billion, a PE ratio of 25.73, a P/E/G ratio of 1.80 and a beta of 1.06. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the company posted $1.29 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given 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 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.43%.

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.