106,459 Shares in Canadian Pacific Kansas City Limited $CP Bought by Lombard Odier Asset Management Europe Ltd

Key Points

• Lombard Odier Asset Management Europe purchased 106,459 shares of Canadian Pacific Kansas City, valued at approximately $9.2 million. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a favorable view of CP, with a “Moderate Buy” consensus rating and an average price target of $108.60. Recent targets range from $99 to $109.
• Canadian Pacific Kansas City exceeded quarterly earnings expectations, reporting $0.92 in EPS and $2.93 billion in revenue, while revenue grew 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, yielding about 1.1% annually.

Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 106,459 shares of the transportation company's stock, valued at approximately $9,221,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fiduciary Financial Advisors purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at about $25,000. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $31,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at about $36,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research reports. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. Susquehanna boosted their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a research report on Thursday, June 25th. Finally, Citigroup increased their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Price Performance

CP stock opened at $94.04 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The firm has a market capitalization of $82.60 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The business has a 50 day simple moving average of $90.92 and a 200-day simple moving average of $86.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the business posted $1.12 earnings per share. The firm's revenue was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's payout ratio is presently 25.08%.

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.

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