Concentric Capital Strategies LP Invests $1.52 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Concentric Capital Strategies LP acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,022 shares of the transportation company's stock, valued at approximately $1,521,000.

Several other hedge funds also recently modified their holdings of the business. Kestra Investment Management LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $33,000. Stonebridge Financial Group LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $39,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CP shares. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Stephens increased their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.71.

Canadian Pacific Kansas City Trading Up 2.7%

CP stock traded up $2.04 during midday trading on Tuesday, reaching $78.64. The stock had a trading volume of 2,951,579 shares, compared to its average volume of 2,752,022. The business has a fifty day simple moving average of $72.94 and a two-hundred day simple moving average of $75.04. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $73.17 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company's revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is 21.28%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.