Harel Insurance Investments & Financial Services Ltd. Makes New $249,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,435 shares of the transportation company’s stock, valued at approximately $249,000.

A number of other hedge funds have also modified their holdings of CP. Grove Bank & Trust grew its stake in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC lifted its holdings 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 valued at $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $34,000. Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City in the third quarter worth approximately $38,000. Finally, Kennebec Savings Bank bought a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $79.86 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a fifty day moving average price of $74.91 and a 200 day moving average price of $79.10. The stock has a market cap of $74.56 billion, a P/E ratio of 28.52, a PEG ratio of 2.01 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CP. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Susquehanna cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Barclays reduced their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Citigroup lowered their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $81.00 to $88.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

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.