Canadian Pacific Kansas City Limited $CP Shares Purchased by Maren Capital LLC

Maren Capital LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,066,682 shares of the transportation company’s stock after purchasing an additional 18,696 shares during the period. Canadian Pacific Kansas City makes up 4.3% of Maren Capital LLC’s investment portfolio, making the stock its 11th largest holding. Maren Capital LLC’s holdings in Canadian Pacific Kansas City were worth $92,428,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Intech Investment Management LLC increased its position in Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after acquiring an additional 2,940 shares during the period. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter valued at approximately $35,000. Sivia Capital Partners LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $206,000. Prudential Financial Inc. lifted its position in Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after acquiring an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 369 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $91.69 on Friday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The business has a fifty day moving average of $91.39 and a two-hundred day moving average of $86.99. The company has a market cap of $80.54 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 25.08%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CP shares. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Citigroup increased their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Finally, Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.