XTX Topco Ltd Increases Stake in Canadian Pacific Kansas City Limited

XTX Topco Ltd has significantly increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) (TSE:CP) by 138.0% during the third quarter. This information comes from their latest Form 13F filing with the Securities and Exchange Commission (SEC). Following additional purchases, XTX Topco Ltd now holds 21,279 shares of the transportation company's stock, which is valued at approximately $1,820,000 at the close of the quarter.

Changes in Institutional Positions

Several other institutional investors have also adjusted their positions in Canadian Pacific Kansas City. For instance, S&CO Inc. has increased its stake by 183.3%, now owning 17,000 shares worth $1,454,000 after acquiring 11,000 additional shares. Swiss National Bank raised its position by 0.8%, owning 2,820,893 shares valued at $241,645,000 after buying an additional 23,000 shares. Additionally, Encompass Capital Advisors LLC purchased a new position valued at approximately $11,810,000 in the previous quarter. Other investors like GSA Capital Partners LLP have also entered into new positions in the company. Currently, about 72.20% of Canadian Pacific Kansas City’s stock is owned by hedge funds and institutional investors.

Stock Performance Overview

On Friday, shares of Canadian Pacific Kansas City opened at $75.31. The company’s 50-day simple moving average is $78.30, while its 200-day simple moving average is $80.03. The financial metrics include a quick ratio of 0.46, a current ratio of 0.53, and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a market capitalization of $70.29 billion, a price-to-earnings ratio of 26.90, and a price-to-earnings-growth ratio of 2.27. The shares have fluctuated between a 12-month low of $72.22 and a high of $91.58.

Recent Earnings Report

Canadian Pacific Kansas City recently released its earnings results for the third quarter on October 23rd. The company reported earnings per share (EPS) of $0.99, falling short of the consensus estimate of $1.01 by $0.02. The firm’s revenue for the quarter totaled $3.55 billion, slightly below the expected $3.59 billion. The company achieved a net margin of 24.50% and a return on equity of 8.78%. Compared to the same quarter last year, the revenue has increased by 6.3%. Analysts predict that Canadian Pacific Kansas City will post an EPS of 3.05 for the current fiscal year.

Dividend Announcement

The company also announced an upcoming quarterly dividend of $0.14 per share, which is scheduled to be paid on January 27th. Shareholders on record as of December 27th are eligible for this dividend, which is an increase from the previous quarterly amount of $0.14. Notably, this represents an annualized dividend of $0.56, yielding a dividend yield of 0.74%. Currently, the company has a payout ratio of 19.64%.

Analysts’ Ratings and Future Outlook

Canadian Pacific Kansas City has been the subject of numerous reports from research analysts. Bank of America downgraded its price target from $94.00 to $91.00 while maintaining a “buy” rating. Barclays increased its price target from $95.00 to $97.00, assigning an “overweight” rating. Other analysts like Stephens reduced their target from $85.00 to $81.00, maintaining an “equal weight” rating. The consensus among analysts is that Canadian Pacific Kansas City holds a “Moderate Buy” rating with an average target price of $94.88 based on information from MarketBeat.com.

Company Overview

Canadian Pacific Kansas City Limited operates a transcontinental freight railway that spans Canada, the United States, and Mexico. The company is involved in transporting a variety of bulk commodities, merchandise freight, and intermodal traffic.

investment, stocks, dividend