Caprock Group LLC Invests $699,000 in Canadian Pacific Kansas City Limited $CP

Caprock Group LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,172 shares of the transportation company’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its position in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after buying an additional 2,940 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Sivia Capital Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $206,000. Yousif Capital Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 8.2% during the 2nd quarter. Yousif Capital Management LLC now owns 12,044 shares of the transportation company’s stock valued at $955,000 after purchasing an additional 910 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in Canadian Pacific Kansas City by 139.4% during the 2nd quarter. Harbour Investments Inc. now owns 2,212 shares of the transportation company’s stock worth $175,000 after purchasing an additional 1,288 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CP. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $83.74 on Tuesday. The stock’s 50 day moving average is $74.96 and its 200 day moving average is $74.44. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $85.15. The firm has a market cap of $75.16 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be issued a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is presently 20.43%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.