Great Lakes Advisors LLC Invests $1.49 Million in Canadian Pacific Kansas City Limited $CP

Great Lakes Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, HoldingsChannel reports. The firm acquired 17,164 shares of the transportation company’s stock, valued at approximately $1,487,000.

A number of other large investors have also modified their holdings of the company. Intech Investment Management LLC increased its stake in Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after acquiring an additional 2,940 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $206,000. Prudential Financial Inc. raised its holdings in shares of Canadian Pacific Kansas City by 8.7% in the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after buying an additional 369 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Argus set a $105.00 price target on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Trading Up 2.1%

CP stock opened at $96.81 on Friday. The business has a fifty day moving average price of $90.21 and a 200 day moving average price of $86.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The stock has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 1.85 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is currently 25.08%.

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.