Boston Partners Raises Holdings in Canadian Pacific Kansas City Limited $CP

Boston Partners increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,559 shares of the transportation company’s stock after purchasing an additional 1,253 shares during the quarter. Boston Partners’ holdings in Canadian Pacific Kansas City were worth $2,502,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Frank Rimerman Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 0.8% during the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after acquiring an additional 139 shares during the last quarter. Redmond Asset Management LLC boosted its position in Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock valued at $2,220,000 after purchasing an additional 148 shares during the period. Accretive Wealth Partners LLC boosted its stake in Canadian Pacific Kansas City by 1.3% during the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after purchasing an additional 157 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian Pacific Kansas City by 9.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,153 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 177 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Canadian Pacific Kansas City by 0.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 28,857 shares of the transportation company’s stock valued at $2,282,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CP. Evercore ISI reduced their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $72.50 on Friday. The business has a 50-day moving average price of $73.44 and a two-hundred day moving average price of $76.54. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The stock has a market capitalization of $65.05 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.84 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a $0.228 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is presently 20.12%.

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.