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

Key Points

• Maren Capital increased its Canadian Pacific Kansas City stake by 1.8% in the second quarter, bringing its holdings to 1.07 million shares valued at approximately $92.4 million. Institutional investors and hedge funds collectively own 72.2% of the company.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $108.60. Several firms recently raised their price targets, including Wells Fargo, Citigroup, and CIBC.
• Canadian Pacific Kansas City beat quarterly earnings and revenue estimates, reporting $0.92 in EPS and $2.93 billion in revenue, while revenue rose 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, representing a 1.2% annualized yield.

Maren Capital LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,066,682 shares of the transportation company's stock after buying an additional 18,696 shares during the period. Canadian Pacific Kansas City comprises about 4.3% of Maren Capital LLC's portfolio, making the stock its 11th biggest position. Maren Capital LLC owned 0.12% of Canadian Pacific Kansas City worth $92,428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CP. Saranac Partners Ltd acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at $6,773,000. HighTower Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company's stock worth $46,434,000 after buying an additional 37,044 shares during the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of Canadian Pacific Kansas City by 42.5% during the 4th quarter. Pacific Heights Asset Management LLC now owns 285,000 shares of the transportation company's stock worth $20,985,000 after acquiring an additional 85,000 shares in the last quarter. WGI DM LLC increased its holdings in shares of Canadian Pacific Kansas City by 3.9% in the 4th quarter. WGI DM LLC now owns 437,824 shares of the transportation company's stock valued at $32,237,000 after acquiring an additional 16,282 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 60.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,579,331 shares of the transportation company's stock valued at $136,857,000 after acquiring an additional 596,252 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

CP has been the topic of several research analyst reports. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce upped their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a report on Thursday, June 25th. Wells Fargo & Company increased their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 8th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One 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 company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Up 0.4%

CP opened at $91.69 on Friday. The business's 50-day simple moving average is $91.39 and its 200-day simple moving average is $86.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. The stock has a market capitalization 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 - Get Free Report) TSE: CP last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City's payout ratio is 25.08%.

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.

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