First Trust Direct Indexing L.P. Has $1.16 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

First Trust Direct Indexing L.P. lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,571 shares of the transportation company’s stock after buying an additional 2,552 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Canadian Pacific Kansas City were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CP. Grove Bank & Trust grew its position in 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 purchasing an additional 130 shares during the last quarter. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $35,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Finally, ORG Partners LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at about $39,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CP. Evercore ISI upped their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Jefferies Financial Group dropped 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 lowered their target price 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. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Finally, Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and cut their target price for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $94.15.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $77.16 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The firm has a market cap of $72.02 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The stock’s 50-day moving average is $82.70 and its 200-day moving average is $81.13. Canadian Pacific Kansas City Limited has a one year low of $69.08 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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 net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is presently 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.