OMERS ADMINISTRATION Corp Acquires Shares of 307,786 Canadian Pacific Kansas City Limited $CP

Key Points

• OMERS Administration Corp. bought 307,786 shares of Canadian Pacific Kansas City, valued at approximately $26.7 million. Institutional investors collectively own 72.2% of the company.
• Canadian Pacific Kansas City reported quarterly revenue of $2.93 billion and earnings of $0.92 per share, exceeding analyst expectations; revenue increased 12.6% year over year.
• The company declared a quarterly dividend of $0.268 per share, equivalent to a $1.07 annualized payout and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $108.60.

OMERS ADMINISTRATION Corp bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 307,786 shares of the transportation company's stock, valued at approximately $26,674,000.

Several other hedge funds also recently made changes to their positions in the company. Osmosis Investment Management UK Ltd bought a new position in Canadian Pacific Kansas City during the second quarter worth $322,000. Sanctuary Advisors LLC bought a new stake in Canadian Pacific Kansas City during the second quarter valued at $3,226,000. Saranac Partners Ltd acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $6,773,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $802,983,000. Finally, Elefante Mark B bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $597,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.1%

Canadian Pacific Kansas City stock opened at $96.81 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $90.21 and a two-hundred day moving average price of $86.24. The firm has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. Canadian Pacific Kansas City's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 earnings per share. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 25.08%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CP. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a research report on Thursday, June 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 8th. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Wall Street Zen raised 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 given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Company Profile

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.

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