Canadian Pacific Kansas City Limited $CP Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 324,376 shares of the transportation company’s stock after buying an additional 35,474 shares during the quarter. Van ECK Associates Corp’s holdings in Canadian Pacific Kansas City were worth $24,155,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CP. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $27,000. Caldwell Trust Co acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth $30,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at $35,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, January 29th. Evercore cut their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $83.11 on Thursday. The firm’s fifty day simple moving average is $78.73 and its 200-day simple moving average is $75.72. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $89.42. The stock has a market capitalization of $74.63 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results 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). The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

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