Erste Asset Management GmbH Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Erste Asset Management GmbH acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 113,558 shares of the transportation company's stock, valued at approximately $9,713,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Grove Bank & Trust increased its holdings in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after acquiring an additional 279 shares in the last quarter. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $35,000. Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Finally, ORG Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CP shares. Barclays upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research report on Wednesday, September 25th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Bank of America decreased their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.88.

Canadian Pacific Kansas City Stock Up 0.1 %

Shares of NYSE:CP traded up $0.08 during trading on Monday, hitting $76.67. The company's stock had a trading volume of 1,361,097 shares, compared to its average volume of 2,256,492. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a fifty-two week low of $72.22 and a fifty-two week high of $91.58. The stock's 50-day moving average price is $79.26 and its two-hundred day moving average price is $80.23. The company has a market capitalization of $71.56 billion, a PE ratio of 27.35, a PEG ratio of 2.27 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is 20.00%.

Canadian Pacific Kansas City Profile

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.