Concentric Capital Strategies LP Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

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

A number of other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $2,602,000. Oak Family Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $262,000. Barclays PLC increased its position in shares of Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $249,000. Finally, Phraction Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 53.6% during the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock valued at $963,000 after acquiring an additional 4,641 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on CP shares. Argus set a $90.00 price target on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Stifel Nicolaus lowered their target price 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. Barclays reduced their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Susquehanna increased their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Finally, Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.71.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded down $0.46 during trading hours on Friday, reaching $73.31. 2,471,047 shares of the stock were exchanged, compared to its average volume of 2,741,674. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. 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 stock has a market capitalization of $68.21 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.00 and a beta of 1.09. The firm has a 50 day simple moving average of $72.94 and a 200-day simple moving average of $75.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 21.28%.

Canadian Pacific Kansas City 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.