15,910 Shares in Canadian Pacific Kansas City Limited $CP Bought by Scientech Research LLC

Key Points

• Scientech Research LLC acquired 15,910 shares of Canadian Pacific Kansas City Limited, valued at approximately $1.12 million, marking a new position in the transportation company.
• Canadian Pacific Kansas City announced a quarterly dividend increase to $0.1651, with a yield of 0.9%, showcasing a dividend payout ratio of 20.56%.
• The company's recent quarterly earnings report revealed an EPS of $0.81, slightly missing analysts' estimates, though revenue increased by 2.7% year-over-year to $2.72 billion.

Scientech Research LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,910 shares of the transportation company's stock, valued at approximately $1,117,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Canadian Pacific Kansas City by 3.0% during the 1st 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 during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 70.0% during the 1st 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 during the period. CX Institutional purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $61,000. Janney Montgomery Scott LLC grew its holdings in shares of Canadian Pacific Kansas City by 28.8% during the 1st 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 during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Canadian Pacific Kansas City by 1.0% during the 1st 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 during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CP. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Citigroup raised their price objective on 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. Bank of America raised their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Stephens raised 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 raised 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 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 issued a Sell rating to the company's stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $0.25 on Wednesday, reaching $74.48. The stock had a trading volume of 2,088,429 shares, compared to its average volume of 3,190,793. The stock has a market cap of $67.54 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The company has a 50 day simple moving average of $76.89 and a 200 day simple moving average of $76.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company 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 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 20.25%.

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.