NorthCrest Asset Manangement LLC Purchases 6,046 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

NorthCrest Asset Manangement LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,044 shares of the transportation company's stock after purchasing an additional 6,046 shares during the period. NorthCrest Asset Manangement LLC's holdings in Canadian Pacific Kansas City were worth $15,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Investment Management LLC lifted its stake in Canadian Pacific Kansas City by 17.4% during the first quarter. Sterling Investment Management LLC now owns 58,513 shares of the transportation company's stock worth $4,108,000 after purchasing an additional 8,668 shares during the last quarter. Simon Quick Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 25.3% in the 1st quarter. Simon Quick Advisors LLC now owns 5,223 shares of the transportation company's stock valued at $367,000 after buying an additional 1,056 shares during the last quarter. CX Institutional acquired a new position in Canadian Pacific Kansas City in the first quarter valued at $61,000. Assenagon Asset Management S.A. increased its position in shares of Canadian Pacific Kansas City by 1.0% during the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock worth $2,012,000 after purchasing an additional 290 shares in the last quarter. Finally, Oak Family Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1,615.4% in the 1st quarter. Oak Family Advisors LLC now owns 62,116 shares of the transportation company's stock valued at $4,361,000 after purchasing an additional 58,495 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up $1.24 during mid-day trading on Monday, reaching $81.66. 1,981,062 shares of the stock were exchanged, compared to its average volume of 2,799,849. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market cap of $75.24 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a 50-day simple moving average of $76.98 and a 200 day simple moving average of $75.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. Canadian Pacific Kansas City's revenue was up 8.0% compared to the same quarter last year. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is 22.30%.

Analysts Set New Price Targets

Several analysts recently commented on CP shares. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Susquehanna upped their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Finally, Barclays cut their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.66.

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.