Havemeyer Place LP Takes $1.19 Million Position in Canadian Pacific Kansas City Limited $CP

Havemeyer Place LP bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,132 shares of the transportation company’s stock, valued at approximately $1,188,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City in the third quarter valued at about $36,000. Aventura Private Wealth LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $37,000. McIlrath & Eck LLC boosted its holdings in Canadian Pacific Kansas City by 475.3% in the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 423 shares during the last quarter. Finally, Albion Financial Group UT boosted its holdings in Canadian Pacific Kansas City by 451.7% in the fourth quarter. Albion Financial Group UT now owns 640 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 524 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $90.07 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.50. The stock has a market cap of $79.91 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.09. The stock’s 50-day moving average price is $84.36 and its two-hundred day moving average price is $79.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.06 EPS. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.76 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, July 27th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

Analyst Ratings Changes

CP has been the topic of several recent research reports. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Susquehanna reiterated a “positive” rating and issued a $104.00 price target on shares of Canadian Pacific Kansas City in a report on Friday. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.63.

Canadian Pacific Kansas City 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.