78,062 Shares in Canadian Pacific Kansas City Limited $CP Acquired by Saranac Partners Ltd

Key Points

• Saranac Partners acquired 78,062 shares of Canadian Pacific Kansas City in the second quarter, valued at approximately $6.8 million and representing 2% of its portfolio. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $108.60; Citigroup recently raised its target to $109 and issued a “buy” rating.
• Canadian Pacific Kansas City exceeded quarterly expectations, reporting $0.92 in EPS versus $0.89 expected and $2.93 billion in revenue, up 12.6% year over year. The company also announced a quarterly dividend of $0.268 per share, yielding about 1.1% annually.

Saranac Partners Ltd bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 78,062 shares of the transportation company's stock, valued at approximately $6,773,000. Canadian Pacific Kansas City comprises 2.0% of Saranac Partners Ltd's portfolio, making the stock its 22nd largest position.

Several other hedge funds have also recently added to or reduced their stakes in CP. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $802,983,000. Elefante Mark B bought a new position in Canadian Pacific Kansas City during the second quarter worth $597,000. First Nebraska Trust Co bought a new position in Canadian Pacific Kansas City during the second quarter worth $264,000. Bank of Nova Scotia acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $193,247,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $3,258,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CP shares. Stephens upgraded Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Citigroup boosted their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce increased their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $96.81 on Monday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. The firm has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. The business has a 50-day simple moving average of $90.21 and a 200 day simple moving average of $86.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The company's quarterly revenue was up 12.6% on a year-over-year basis. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 25.08%.

Canadian Pacific Kansas City 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.

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