Harvest Portfolios Group Inc. Grows Position in Canadian Pacific Kansas City Limited $CP

Harvest Portfolios Group Inc. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,687 shares of the transportation company’s stock after buying an additional 6,672 shares during the period. Harvest Portfolios Group Inc.’s holdings in Canadian Pacific Kansas City were worth $3,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frank Rimerman Advisors LLC grew its stake in Canadian Pacific Kansas City by 0.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after acquiring an additional 139 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Canadian Pacific Kansas City by 28.5% in the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 191 shares during the last quarter. Signaturefd LLC lifted its position in Canadian Pacific Kansas City by 1.0% during the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock worth $1,507,000 after buying an additional 207 shares in the last quarter. Savant Capital LLC lifted its position in Canadian Pacific Kansas City by 0.7% during the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock worth $2,272,000 after buying an additional 220 shares in the last quarter. Finally, Pacifica Partners Inc. grew its holdings in Canadian Pacific Kansas City by 12.0% in the 3rd quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock valued at $161,000 after buying an additional 231 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $87.48 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The stock has a market capitalization of $78.53 billion, a P/E ratio of 27.08, a PEG ratio of 1.87 and a beta of 1.10. The company has a 50 day moving average price of $76.98 and a 200 day moving average price of $75.11. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $88.96.

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.43%.

Analyst Ratings Changes

CP has been the topic of several recent research reports. Evercore lowered their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Profile

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.