Polar Asset Management Partners Inc. Invests $1.47 Million in Canadian Pacific Kansas City Limited $CP

Key Points

• Polar Asset Management Partners Inc. has acquired a new position in Canadian Pacific Kansas City Limited, purchasing 20,900 shares valued at approximately $1.47 million during the first quarter.
• Several analysts have upgraded their ratings on Canadian Pacific Kansas City, with National Bank Financial moving from a "hold" to a "strong-buy" rating and Citigroup increasing their target price from $89 to $94.
• Canadian Pacific Kansas City recently announced a quarterly dividend increase to $0.1651 per share, which reflects a 0.9% yield based on its annualized dividend payout.

Polar Asset Management Partners Inc. purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,900 shares of the transportation company's stock, valued at approximately $1,468,000.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its stake in shares of Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. North Capital Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $27,000. Cheviot Value Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $30,000. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Finally, Hexagon Capital Partners LLC lifted its position in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after acquiring an additional 164 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CP shares. Susquehanna reissued a "positive" rating and set a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Stephens lifted their price target on shares of 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. Barclays lifted their price target on shares of 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. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Stock Down 0.7%

Canadian Pacific Kansas City stock traded down $0.51 during trading hours on Friday, hitting $75.20. The stock had a trading volume of 594,567 shares, compared to its average volume of 3,171,048. 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 stock has a market capitalization of $68.20 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The stock's 50-day moving average price is $76.63 and its 200-day moving average price is $76.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results 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). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same period last year, the firm posted $1.05 earnings per share. The firm's quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio (DPR) 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.