PenderFund Capital Management Ltd. Takes $2.34 Million Position in Canadian Pacific Kansas City Limited $CP

PenderFund Capital Management Ltd. acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,000 shares of the transportation company’s stock, valued at approximately $2,341,000.

A number of other large investors have also recently made changes to their positions in the company. Fiduciary Financial Advisors acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $25,000. Prosperity Bancshares Inc purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $31,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 0.9%

CP stock opened at $93.89 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90. The company’s 50 day moving average is $90.76 and its two-hundred day moving average is $86.67. The stock has a market cap of $82.47 billion, a P/E ratio of 30.19, a PEG ratio of 1.85 and a beta of 1.10.

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

Canadian Pacific Kansas City Dividend Announcement

The business 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. 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 payout ratio is 25.08%.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. Susquehanna lifted their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a research note on Thursday, July 30th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.60.

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.