Canadian Pacific Kansas City Limited $CP Holdings Increased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 93.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,048 shares of the transportation company’s stock after buying an additional 12,133 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Canadian Pacific Kansas City were worth $2,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of 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 worth $1,725,294,000 after acquiring an additional 303,464 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter worth approximately $802,983,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter worth approximately $657,672,000. Legal & General Group Plc purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $604,797,000. Finally, Janus Henderson Group PLC grew its holdings in Canadian Pacific Kansas City by 9.8% in the first quarter. Janus Henderson Group PLC now owns 6,749,527 shares of the transportation company’s stock valued at $530,551,000 after purchasing an additional 601,692 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $86.99 on Friday. The firm has a market capitalization of $76.12 billion, a PE ratio of 25.11, a P/E/G ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The business has a 50-day moving average of $89.65 and a two-hundred day moving average of $87.85. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.70 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a dividend of C$0.27 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.76%.

Analyst Ratings Changes

Several equities analysts recently commented on CP shares. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Wells Fargo & Company lifted their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $106.00 to $98.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.83.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.