243,517 Shares in Canadian Pacific Kansas City Limited $CP Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP acquired 243,517 shares of Canadian Pacific Kansas City Limited, valued at approximately $17.1 million, during the first quarter of the year.
• Canadian Pacific Kansas City has seen numerous institutional investors increase their holdings, with 72.20% of the stock owned by these entities.
• The company recently declared a quarterly dividend of $0.1651 per share, indicating a positive increase from the previous dividend of $0.16.

Trexquant Investment LP 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 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 243,517 shares of the transportation company's stock, valued at approximately $17,097,000.

A number of other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of Canadian Pacific Kansas City by 29.9% during the fourth quarter. First Trust Advisors LP now owns 47,503 shares of the transportation company's stock valued at $3,438,000 after buying an additional 10,943 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Canadian Pacific Kansas City by 96.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 881,400 shares of the transportation company's stock worth $63,780,000 after buying an additional 431,924 shares during the period. Northern Trust Corp raised its position in shares of Canadian Pacific Kansas City by 3.6% in the 4th quarter. Northern Trust Corp now owns 2,445,300 shares of the transportation company's stock worth $176,966,000 after acquiring an additional 85,381 shares in the last quarter. Lido Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 6.5% in the 4th quarter. Lido Advisors LLC now owns 9,517 shares of the transportation company's stock worth $690,000 after acquiring an additional 580 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 123.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 135,704 shares of the transportation company's stock worth $9,821,000 after acquiring an additional 75,004 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

CP stock traded up $0.17 during trading on Tuesday, hitting $76.36. The stock had a trading volume of 1,597,219 shares, compared to its average volume of 3,216,393. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The stock has a market capitalization of $69.76 billion, a P/E ratio of 23.77, a PEG ratio of 2.13 and a beta of 1.06. The company's 50-day moving average price is $77.23 and its two-hundred day moving average price is $76.51.

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 for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is presently 20.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Susquehanna restated a "positive" rating and issued a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Citigroup increased their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Barclays upped 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. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

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.