Public Employees Retirement System of Ohio Takes Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Public Employees Retirement System of Ohio acquired 272,390 shares of Canadian Pacific Kansas City, valued at approximately $23.6 million. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a generally positive outlook, with one Strong Buy, 11 Buy and three Hold ratings; the stock has an average “Moderate Buy” rating and a $108.60 price target.
• Canadian Pacific Kansas City exceeded quarterly earnings and revenue estimates, reporting $0.92 in EPS and $2.93 billion in revenue. The company also declared a quarterly dividend of $0.268 per share, for a 1.1% annualized yield.

Public Employees Retirement System of Ohio bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 272,390 shares of the transportation company's stock, valued at approximately $23,604,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $978,558,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $802,983,000. The Manufacturers Life Insurance Company purchased a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $657,672,000. Legal & General Group Plc bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $604,797,000. Finally, Jupiter Topco LLC bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $576,687,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CP shares. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a research note on Thursday, July 30th. Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Price Performance

CP opened at $94.04 on Friday. The company has a market capitalization of $82.60 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.84 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The business's fifty day simple moving average is $90.92 and its 200-day simple moving average is $86.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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

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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