Y Intercept Hong Kong Ltd Makes New $9.13 Million Investment in Canadian Pacific Kansas City Limited $CP

Y Intercept Hong Kong Ltd purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 116,042 shares of the transportation company’s stock, valued at approximately $9,128,000.

A number of other large investors have also made changes to their positions in CP. Elevation Point Wealth Partners LLC increased its position in Canadian Pacific Kansas City by 113.0% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 37,162 shares of the transportation company’s stock worth $2,924,000 after purchasing an additional 19,715 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Canadian Pacific Kansas City by 8.6% during the 1st quarter. Keybank National Association OH now owns 43,159 shares of the transportation company’s stock worth $3,395,000 after purchasing an additional 3,410 shares during the period. Root Financial Partners LLC increased its position in Canadian Pacific Kansas City by 131.8% during the 1st quarter. Root Financial Partners LLC now owns 765 shares of the transportation company’s stock worth $60,000 after purchasing an additional 435 shares in the last quarter. Essex Financial Services Inc. raised its holdings in Canadian Pacific Kansas City by 3.2% in the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock valued at $376,000 after buying an additional 149 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ raised its holdings in Canadian Pacific Kansas City by 1.1% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 208,340 shares of the transportation company’s stock valued at $16,343,000 after buying an additional 2,255 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.1%

CP opened at $87.91 on Friday. The firm’s 50 day moving average is $87.29 and its 200-day moving average is $81.62. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.52. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $77.80 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.72 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company posted $1.06 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City Limited will post 3.75 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 24.07%.

Analyst Ratings Changes

CP has been the subject of several research reports. Evercore set a $91.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Citigroup upped their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.30.

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.