Dynamic Technology Lab Private Ltd Makes New Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Dynamic Technology Lab Private Ltd has made a significant investment in Canadian Pacific Kansas City Limited, purchasing 36,826 shares valued at approximately $2,586,000.
• After recent analyst upgrades, the consensus price target for Canadian Pacific Kansas City stands at $92.30, with most analysts assigning a "Buy" rating.
• The company recently announced a quarterly dividend increase from $0.16 to $0.1651, reflecting a commitment to returning value to shareholders.

Dynamic Technology Lab Private Ltd bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,826 shares of the transportation company's stock, valued at approximately $2,586,000.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Canadian Pacific Kansas City by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company's stock worth $74,807,000 after acquiring an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 70.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company's stock worth $421,000 after acquiring an additional 2,467 shares in the last quarter. CX Institutional acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $61,000. Janney Montgomery Scott LLC boosted its holdings in Canadian Pacific Kansas City by 28.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company's stock worth $7,106,000 after acquiring an additional 22,606 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Canadian Pacific Kansas City by 1.0% in the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock worth $2,012,000 after acquiring an additional 290 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CP shares. Barclays raised their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Bank of America increased their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Citigroup increased their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

Canadian Pacific Kansas City Trading Down 0.2%

NYSE CP opened at $76.64 on Friday. The company has a market capitalization of $70.02 billion, a PE ratio of 23.87, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a fifty day moving average of $77.06 and a 200 day moving average of $76.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data 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 company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. 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.

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