Janus Henderson Group PLC Acquires 7,404 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Janus Henderson Group PLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,035 shares of the transportation company's stock after purchasing an additional 7,404 shares during the period. Janus Henderson Group PLC's holdings in Canadian Pacific Kansas City were worth $32,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. Causeway Capital Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares in the last quarter. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $914,090,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Canadian Pacific Kansas City by 11.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after purchasing an additional 1,262,913 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Canadian Pacific Kansas City by 2.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,707,319 shares of the transportation company's stock worth $848,794,000 after purchasing an additional 334,844 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 3.8%

Shares of CP stock opened at $81.50 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company's fifty day moving average price is $73.02 and its 200-day moving average price is $75.10. The company has a market capitalization of $75.83 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business posted $0.93 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 21.28%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CP. Susquehanna lifted their target price on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Stephens raised their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays dropped their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.71.

About Canadian Pacific Kansas City

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.

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