ASR Vermogensbeheer N.V. Invests $1.39 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• ASR Vermogensbeheer N.V. has acquired 19,794 shares of Canadian Pacific Kansas City Limited (NYSE: CP), valued at approximately $1.39 million, during the first quarter.
• The company's quarterly dividend has increased from $0.16 to $0.1651, with a yield of 0.9%, and will be paid on October 27th.
• Canadian Pacific Kansas City reported $0.81 earnings per share for the last quarter, missing consensus estimates, while its revenue increased by 2.7% year-over-year.

ASR Vermogensbeheer N.V. purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,794 shares of the transportation company's stock, valued at approximately $1,389,000.

Several other hedge funds have also modified their holdings of the stock. Exencial Wealth Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 1.6% during the first quarter. Exencial Wealth Advisors LLC now owns 17,971 shares of the transportation company's stock valued at $1,262,000 after purchasing an additional 279 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.0% during the first quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company's stock valued at $2,606,624,000 after purchasing an additional 364,515 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 70.4% during the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after purchasing an additional 3,842,866 shares during the last quarter. M.D. Sass LLC grew its stake in shares of Canadian Pacific Kansas City by 1.4% during the first quarter. M.D. Sass LLC now owns 856,161 shares of the transportation company's stock valued at $60,111,000 after purchasing an additional 12,227 shares during the last quarter. Finally, Scotia Capital Inc. grew its position in shares of Canadian Pacific Kansas City by 1.5% during the 1st quarter. Scotia Capital Inc. now owns 3,533,994 shares of the transportation company's stock worth $246,977,000 after buying an additional 51,936 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CP. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Evercore ISI cut their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded up $0.40 during trading on Tuesday, hitting $74.92. 2,632,343 shares of the stock were exchanged, compared to its average volume of 3,243,217. The stock has a market capitalization of $68.45 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. The company has a fifty day moving average price of $79.04 and a 200-day moving average price of $76.85. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.56%.

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.