Intact Investment Management Inc. Has $27.49 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Intact Investment Management Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 37.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,441 shares of the transportation company's stock after buying an additional 87,410 shares during the period. Canadian Pacific Kansas City comprises about 0.9% of Intact Investment Management Inc.'s investment portfolio, making the stock its 28th largest position. Intact Investment Management Inc.'s holdings in Canadian Pacific Kansas City were worth $27,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust grew its position in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after acquiring an additional 130 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $32,000. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $35,000. Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. Finally, ORG Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group lowered their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, July 17th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, October 11th. Citigroup boosted their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Stephens lowered their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Finally, Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.15.

Canadian Pacific Kansas City Trading Up 1.4 %

Shares of Canadian Pacific Kansas City stock traded up $1.05 on Monday, reaching $78.11. 2,213,091 shares of the company were exchanged, compared to its average volume of 2,111,308. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.08 and a fifty-two week high of $91.58. The firm has a market capitalization of $72.90 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.98. The stock has a fifty day moving average price of $82.60 and a 200-day moving average price of $81.03.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is 19.64%.

Canadian Pacific Kansas City Company 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.