Jefferies Financial Group Inc. Invests $618,000 in Canadian Pacific Kansas City Limited $CP

Jefferies Financial Group Inc. purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,130 shares of the transportation company’s stock, valued at approximately $618,000.

A number of other hedge funds have also bought and sold shares of the company. Saranac Partners Ltd bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $6,773,000. HighTower Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after acquiring an additional 37,044 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $1,983,000. WGI DM LLC increased its holdings in shares of Canadian Pacific Kansas City by 3.9% in the 4th quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock valued at $32,237,000 after acquiring an additional 16,282 shares during the last quarter. Finally, Pacific Heights Asset Management LLC raised its position in shares of Canadian Pacific Kansas City by 42.5% during the 4th quarter. Pacific Heights Asset Management LLC now owns 285,000 shares of the transportation company’s stock valued at $20,985,000 after acquiring an additional 85,000 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CP. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Finally, Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $92.64 on Tuesday. The firm’s 50 day moving average is $91.06 and its two-hundred day moving average is $86.83. The firm has a market capitalization of $81.37 billion, a P/E ratio of 29.79, a PEG ratio of 1.83 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data 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. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

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

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.