Findlay Park Partners LLP Invests $193.51 Million in Canadian Pacific Kansas City Limited $CP

Findlay Park Partners LLP bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,233,296 shares of the transportation company's stock, valued at approximately $193,515,000. Canadian Pacific Kansas City accounts for about 2.6% of Findlay Park Partners LLP's portfolio, making the stock its 15th largest holding. Findlay Park Partners LLP owned about 0.25% of Canadian Pacific Kansas City as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. GAMMA Investing LLC lifted its stake in shares of Canadian Pacific Kansas City by 3.8% during the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock worth $304,000 after purchasing an additional 130 shares in the last quarter. Foster Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 3.3% in the second quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock worth $371,000 after buying an additional 137 shares during the period. Modern Wealth Management LLC grew its stake in shares of Canadian Pacific Kansas City by 1.2% in the first quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock valued at $950,000 after buying an additional 142 shares in the last quarter. Altshuler Shaham Ltd grew its stake in shares of Canadian Pacific Kansas City by 1.2% in the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock valued at $926,000 after buying an additional 144 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company's stock valued at $376,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CP shares. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a report on Thursday, July 30th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $96.81 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a market cap of $85.04 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The stock has a 50 day moving average of $90.21 and a 200-day moving average of $86.16.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business's revenue was up 12.6% compared to the same quarter last year. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid 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 is 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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