Canadian Pacific Kansas City Limited $CP Stock Position Raised by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in Canadian Pacific Kansas City Limited by 901.7%, owning 113,236 shares worth approximately $7.95 million following the purchase of an additional 101,932 shares in the first quarter.
• Canadian Pacific Kansas City reported a miss in earnings, with an EPS of $0.81, falling short of analyst expectations of $0.82, and a revenue of $2.72 billion compared to the $2.76 billion consensus estimate.
• The company announced a quarterly dividend of $0.1651 per share, reflecting a slight increase from its previous dividend of $0.16, with a dividend payout ratio currently at 20.56%.

Quantbot Technologies LP increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 901.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,236 shares of the transportation company's stock after acquiring an additional 101,932 shares during the quarter. Quantbot Technologies LP's holdings in Canadian Pacific Kansas City were worth $7,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. North Capital Inc. bought a new position in Canadian Pacific Kansas City in the 1st quarter worth about $27,000. Cornerstone Planning Group LLC boosted its position in shares of Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after buying an additional 256 shares during the period. Cheviot Value Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $31,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CP. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. The Goldman Sachs Group reiterated a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Finally, Evercore ISI decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to 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 Price Performance

Shares of Canadian Pacific Kansas City stock traded down $1.0260 on Thursday, hitting $73.2640. The company had a trading volume of 3,836,913 shares, compared to its average volume of 3,220,243. The business has a 50-day simple moving average of $78.04 and a 200-day simple moving average of $76.65. 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 market cap of $66.94 billion, a PE ratio of 22.82, a PEG ratio of 2.10 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 earnings per share. Research analysts expect 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. Investors of record on Friday, September 26th will be issued a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 20.56%.

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.