Canadian Pacific Kansas City Limited $CP Stock Position Lifted by Cantillon Capital Management LLC

Key Points

• Cantillon Capital Management LLC has increased its stake in Canadian Pacific Kansas City Limited by 16.8%, owning over 4.2 million shares, making it the firm's 26th largest position.
• Canadian Pacific Kansas City recently declared a quarterly dividend of $0.1651, representing a slight increase from its previous dividend, and has an annualized yield of 0.9%.
• Analysts have set a consensus target price for Canadian Pacific Kansas City shares at $91.38, with various ratings ranging from "Strong Buy" to "Sell."

Cantillon Capital Management LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 16.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,219,911 shares of the transportation company's stock after purchasing an additional 606,519 shares during the period. Canadian Pacific Kansas City comprises approximately 1.9% of Cantillon Capital Management LLC's holdings, making the stock its 26th largest position. Cantillon Capital Management LLC owned approximately 0.46% of Canadian Pacific Kansas City worth $334,512,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Canadian Pacific Kansas City by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company's stock worth $7,942,000 after purchasing an additional 8,627 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 31.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 119,671 shares of the transportation company's stock worth $8,402,000 after purchasing an additional 28,734 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its stake in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 169,747 shares of the transportation company's stock worth $11,940,000 after purchasing an additional 818 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Canadian Pacific Kansas City by 85.8% during the 1st quarter. Golden State Wealth Management LLC now owns 3,278 shares of the transportation company's stock worth $230,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Value Partners Investments Inc. increased its stake in shares of Canadian Pacific Kansas City by 1,027.2% during the 1st quarter. Value Partners Investments Inc. now owns 517,900 shares of the transportation company's stock worth $36,382,000 after purchasing an additional 471,953 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 1.2%

Canadian Pacific Kansas City stock opened at $75.64 on Wednesday. The company's 50 day simple moving average is $75.49 and its 200 day simple moving average is $76.76. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The firm has a market capitalization of $68.59 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $1.05 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is presently 20.56%.

Analysts Set New Price Targets

CP has been the topic of several analyst reports. National Bankshares restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "buy" rating for the company in a report on Monday, October 13th. Finally, Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.38.

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.

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