Lombard Odier Asset Management Europe Ltd Purchases 37,170 Shares of Canadian Pacific Kansas City Limited $CP

Lombard Odier Asset Management Europe Ltd boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 73.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,754 shares of the transportation company’s stock after purchasing an additional 37,170 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Canadian Pacific Kansas City were worth $6,903,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CP. Norges Bank acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth $978,558,000. Janus Henderson Group PLC grew its holdings in shares of Canadian Pacific Kansas City by 586.1% in the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock valued at $452,781,000 after buying an additional 5,251,755 shares during the period. FIL Ltd increased its position 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 valued at $1,227,045,000 after buying an additional 2,804,686 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Canadian Pacific Kansas City by 5,826.3% in the 1st quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock valued at $199,605,000 after buying an additional 2,502,104 shares in the last quarter. Finally, Canoe Financial LP raised its stake in Canadian Pacific Kansas City by 45,389.7% during the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock worth $159,885,000 after buying an additional 2,028,010 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of Canadian Pacific Kansas City stock opened at $92.40 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $93.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The business’s 50 day simple moving average is $88.86 and its 200 day simple moving average is $83.39. The firm has a market cap of $81.78 billion, a PE ratio of 28.52, a P/E/G ratio of 1.84 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly 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 return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $1.06 earnings per share. Canadian Pacific Kansas City’s revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.69 earnings per share 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. Investors of record on Friday, June 26th will be given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CP. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Wells Fargo & Company increased their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. One research 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. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.91.

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.