Bearing Point Capital LLC Raises Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Bearing Point Capital LLC increased its stake in Canadian Pacific Kansas City Limited by 26.6%, acquiring an additional 6,615 shares to reach a total of 31,445 shares valued at approximately $2.2 million.
• The company's quarterly earnings matched expectations at $0.74 per share, with revenue hitting $2.66 billion, exceeding analyst projections.
• Canadian Pacific recently announced a dividend increase to $0.1644 per share from the previous $0.13, reflecting a 0.86% dividend yield and a payout ratio of 22.30%.

Bearing Point Capital LLC boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 26.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,445 shares of the transportation company's stock after buying an additional 6,615 shares during the period. Bearing Point Capital LLC's holdings in Canadian Pacific Kansas City were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. TD Asset Management Inc grew its stake in Canadian Pacific Kansas City by 0.5% in the 1st quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company's stock valued at $1,464,094,000 after buying an additional 104,077 shares in the last quarter. Causeway Capital Management LLC grew its stake in Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after buying an additional 6,687,770 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Canadian Pacific Kansas City by 1.8% in the 4th quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company's stock valued at $1,110,111,000 after purchasing an additional 276,223 shares during the period. Norges Bank bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Canadian Pacific Kansas City by 11.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on CP shares. Evercore ISI cut their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Bank of America lifted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of $91.95.

Canadian Pacific Kansas City Stock Up 0.3%

CP traded up $0.25 during midday trading on Wednesday, reaching $76.44. The company's stock had a trading volume of 1,660,134 shares, compared to its average volume of 3,190,036. The firm has a market capitalization of $70.16 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.12 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The stock's 50-day moving average is $80.12 and its 200-day moving average is $76.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The business's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

About Canadian Pacific Kansas City

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.