Cardinal Capital Management Inc. Acquires 32,121 Shares of Canadian Pacific Kansas City Limited $CP

Cardinal Capital Management Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,702,045 shares of the transportation company’s stock after purchasing an additional 32,121 shares during the period. Canadian Pacific Kansas City comprises approximately 3.6% of Cardinal Capital Management Inc.’s holdings, making the stock its 12th largest holding. Cardinal Capital Management Inc.’s holdings in Canadian Pacific Kansas City were worth $147,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $29,000. McMillan Office Inc. purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $31,000. Wealth Watch Advisors INC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $36,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $92.00 on Wednesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $93.95. The stock’s 50 day simple moving average is $89.49 and its two-hundred day simple moving average is $85.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a market cap of $81.12 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.77 and a beta of 1.10.

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

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is presently 25.08%.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. 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. Finally, Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

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.