Ieq Capital LLC Makes New Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Ieq Capital purchased 15,842 shares of Canadian Pacific Kansas City during the second quarter, valued at approximately $1.37 million. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a favorable outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $108.60, above its reported opening price of $94.74.
• Canadian Pacific Kansas City exceeded quarterly earnings and revenue expectations, reporting $0.92 in EPS and $2.93 billion in revenue, while announcing a quarterly dividend of $0.268 per share.

Ieq Capital LLC purchased 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 institutional investor purchased 15,842 shares of the transportation company's stock, valued at approximately $1,373,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. Invesco Ltd. increased its holdings in Canadian Pacific Kansas City by 1.3% in the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company's stock valued at $1,725,294,000 after purchasing an additional 303,464 shares during the last quarter. FIL Ltd boosted its holdings in Canadian Pacific Kansas City by 20.2% during the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company's stock worth $1,227,045,000 after buying an additional 2,804,686 shares during the last quarter. Norges Bank bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $978,558,000. Geode Capital Management LLC grew its position in shares of Canadian Pacific Kansas City by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company's stock worth $661,339,000 after buying an additional 461,724 shares during the period. Finally, Cibc World Market Inc. grew its position in shares of Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company's stock worth $620,925,000 after buying an additional 1,517,323 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of several recent analyst reports. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Stephens upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. 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. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Finally, Citigroup upped their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One investment 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $94.74 on Thursday. 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 stock has a market cap of $83.22 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.84 and a beta of 1.10. The business has a 50 day simple moving average of $90.61 and a 200 day simple moving average of $86.58. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90.

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 for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's payout ratio is currently 25.08%.

About Canadian Pacific Kansas City

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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