Scharf Investments LLC Takes $4.28 Million Position in Canadian Pacific Kansas City Limited $CP

Scharf Investments LLC bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 58,104 shares of the transportation company’s stock, valued at approximately $4,278,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dilation Capital Management LP increased its stake in shares of Canadian Pacific Kansas City by 4.4% in the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock worth $12,683,000 after purchasing an additional 7,105 shares during the period. Meixler Investment Management Ltd. acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $1,644,000. AGF Management Ltd. increased its position in Canadian Pacific Kansas City by 9.9% in the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after buying an additional 180,419 shares during the period. Nicola Wealth Management LTD. increased its position in Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after buying an additional 45,100 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after acquiring an additional 14,916 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $78.65 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. The company has a 50-day moving average of $80.81 and a 200-day moving average of $76.09. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $89.42. The company has a market capitalization of $70.62 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.64 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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 business had revenue of $2.85 billion during 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 business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CP. Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Sanford C. Bernstein increased their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday. Evercore decreased 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. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $91.82.

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.