Assenagon Asset Management S.A. Buys 290 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Assenagon Asset Management S.A. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 28,676 shares of the transportation company’s stock after purchasing an additional 290 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Canadian Pacific Kansas City were worth $2,012,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $33,000. Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $36,000. Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $39,000. Finally, Curat Global LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $42,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.5%

NYSE CP opened at $81.66 on Tuesday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The stock has a 50-day simple moving average of $77.27 and a 200 day simple moving average of $75.85. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $75.24 billion, a PE ratio of 28.16, a P/E/G ratio of 2.00 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting 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 company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business posted $0.93 EPS. Canadian Pacific Kansas City’s revenue was up 8.0% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City’s payout ratio is currently 22.30%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CP shares. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI reduced their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Finally, Royal Bank of Canada decreased their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $90.66.

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.