UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 59.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,663 shares of the transportation company's stock after purchasing an additional 48,190 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Canadian Pacific Kansas City were worth $11,149,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its holdings in Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock valued at $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $35,000. Sivia Capital Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $206,000. Prudential Financial Inc. lifted its stake in shares of Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock worth $411,000 after buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock worth $104,000 after buying an additional 369 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Canadian Pacific Kansas City Trading Up 0.1%
NYSE:CP opened at $91.69 on Monday. The stock has a market cap of $80.54 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.91 and a beta of 1.12. 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 quick ratio of 0.50 and a current ratio of 0.59. The stock has a 50-day simple moving average of $91.39 and a 200-day simple moving average of $87.02.
Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 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. Shareholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City's payout ratio is 25.08%.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 2nd. Canadian Imperial Bank of Commerce raised their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a research note on Thursday, June 25th. Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. One research 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 company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $108.60.
Get Our Latest Report on CP
About Canadian Pacific Kansas City
(
Free Report)
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.
Further Reading
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