OMERS ADMINISTRATION Corp Invests $26.67 Million in Canadian Pacific Kansas City Limited $CP

OMERS ADMINISTRATION Corp acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, Holdings Channel reports. The fund acquired 307,786 shares of the transportation company’s stock, valued at approximately $26,674,000.

A number of other hedge funds have also made changes to their positions in the stock. Invesco Ltd. boosted its stake in Canadian Pacific Kansas City by 1.3% during the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after purchasing an additional 303,464 shares in the last quarter. FIL Ltd raised its stake in shares of Canadian Pacific Kansas City by 20.2% in the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after buying an additional 2,804,686 shares in the last quarter. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $978,558,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at $802,983,000. Finally, Geode Capital Management LLC boosted its stake in Canadian Pacific Kansas City by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock valued at $661,339,000 after buying an additional 461,724 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.1%

NYSE:CP opened at $96.81 on Monday. The stock has a fifty day simple moving average of $90.21 and a 200 day simple moving average of $86.24. The firm has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

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

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 25.08%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CP shares. Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Stephens upgraded 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 issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Company 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.