Boston Partners Acquires New Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Boston Partners has acquired a new stake in Canadian Pacific Kansas City Limited, purchasing 30,306 shares valued at approximately $2.13 million.
• Analysts have raised their price targets for Canadian Pacific Kansas City, with Barclays setting a new target of $91.00 and Citigroup increasing theirs to $94.00.
• The company has announced an increased quarterly dividend of $0.1651, reflecting a boost from the previous dividend of $0.16, with a yield of 0.9%.

Boston Partners acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,306 shares of the transportation company's stock, valued at approximately $2,128,000.

A number of other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $59,000. Gulf International Bank UK Ltd increased its holdings in Canadian Pacific Kansas City by 2,701.1% in the first quarter. Gulf International Bank UK Ltd now owns 53,781 shares of the transportation company's stock valued at $3,776,000 after buying an additional 51,861 shares during the last quarter. LGT Fund Management Co Ltd. increased its holdings in Canadian Pacific Kansas City by 13.7% in the first quarter. LGT Fund Management Co Ltd. now owns 81,097 shares of the transportation company's stock valued at $5,692,000 after buying an additional 9,759 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Canadian Pacific Kansas City by 27.5% in the first quarter. Russell Investments Group Ltd. now owns 947,298 shares of the transportation company's stock valued at $66,495,000 after acquiring an additional 204,052 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in Canadian Pacific Kansas City by 7.9% in the first quarter. Rathbones Group PLC now owns 1,505,092 shares of the transportation company's stock valued at $105,666,000 after acquiring an additional 109,811 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CP. Barclays increased their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Stephens increased their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Bank of America raised 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 research note on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Stock Up 2.8%

Canadian Pacific Kansas City stock traded up $2.0150 during midday trading on Friday, hitting $75.2450. 1,747,976 shares of the stock were exchanged, compared to its average volume of 3,209,215. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The firm has a market cap of $68.75 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The company has a 50 day moving average price of $77.88 and a two-hundred day moving average price of $76.63.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.05 EPS. On average, sell-side analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a $0.1651 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's payout ratio is presently 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.