Erste Asset Management GmbH Makes New $9.71 Million Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Erste Asset Management GmbH purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 113,558 shares of the transportation company’s stock, valued at approximately $9,713,000.

A number of other institutional investors have also made changes to their positions in the business. Grove Bank & Trust boosted its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the period. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City during the second quarter worth about $35,000. Asset Dedication LLC bought a new position in Canadian Pacific Kansas City during the third quarter valued at about $38,000. Finally, ORG Partners LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $39,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 1.6 %

CP opened at $76.59 on Monday. Canadian Pacific Kansas City Limited has a 1-year low of $71.08 and a 1-year high of $91.58. The stock has a market capitalization of $71.48 billion, a PE ratio of 27.35, a PEG ratio of 2.27 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $79.26 and a two-hundred day moving average price of $80.23.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business earned $0.69 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is 20.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CP shares. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Stephens dropped their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Sanford C. Bernstein decreased their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Barclays increased their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Bank of America decreased their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.88.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.