Lombard Odier Asset Management Europe Ltd Has $18.65 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Lombard Odier Asset Management Europe Ltd raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% during the second quarter, HoldingsChannel.com reports. The fund owned 236,880 shares of the transportation company’s stock after acquiring an additional 9,211 shares during the quarter. Canadian Pacific Kansas City accounts for about 0.9% of Lombard Odier Asset Management Europe Ltd’s holdings, making the stock its 27th largest position. Lombard Odier Asset Management Europe Ltd’s holdings in Canadian Pacific Kansas City were worth $18,651,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $35,000. ORG Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth approximately $39,000. Tobam bought a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $51,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $61,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on CP. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Susquehanna reiterated a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 31st. Finally, Barclays dropped their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.36.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $85.86 on Monday. The stock has a market cap of $80.11 billion, a P/E ratio of 27.52, a P/E/G ratio of 2.45 and a beta of 0.96. The company has a fifty day moving average price of $82.16 and a two-hundred day moving average price of $82.49. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.31%.

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.