Ninety One North America Inc. Acquires 119,052 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Ninety One North America Inc. has increased its holdings in Canadian Pacific Kansas City Limited by 135.7%, acquiring an additional 119,052 shares, bringing its total to 206,785 shares valued at approximately $16.39 million.
• Canadian Pacific Kansas City declared a quarterly dividend of $0.1651, marking an increase from the previous dividend, with payment scheduled for October 27th to shareholders of record on September 26th.
• Despite a net margin of 28.05% and a revenue increase of 2.7% year-over-year, the company reported earnings per share of $0.81, slightly missing analyst expectations.

Ninety One North America Inc. increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 135.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,785 shares of the transportation company's stock after acquiring an additional 119,052 shares during the period. Ninety One North America Inc.'s holdings in Canadian Pacific Kansas City were worth $16,394,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Capital Insight Partners LLC grew its position in Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after acquiring an additional 143 shares during the last quarter. Davidson Trust Co. boosted its position in Canadian Pacific Kansas City by 3.2% in the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock valued at $327,000 after buying an additional 144 shares during the last quarter. Redmond Asset Management LLC boosted its position in Canadian Pacific Kansas City by 0.5% in the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company's stock valued at $2,220,000 after buying an additional 148 shares during the last quarter. Tradewinds LLC. boosted its position in Canadian Pacific Kansas City by 3.8% in the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock valued at $304,000 after buying an additional 157 shares during the last quarter. Finally, Financial Partners Group Inc boosted its position in Canadian Pacific Kansas City by 0.3% in the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company's stock valued at $3,464,000 after buying an additional 158 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $74.46 on Wednesday. The business's fifty day moving average is $75.20 and its 200-day moving average is $76.33. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The company has a market cap of $67.53 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $85.77.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly 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 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 revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a $0.1651 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.56%.

Analyst Ratings Changes

A number of research analysts have commented on CP shares. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Susquehanna decreased their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating on the stock in a research report on Thursday, September 25th. Stephens increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Barclays increased their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $91.88.

Canadian Pacific Kansas City 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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