Jupiter Topco LLC Acquires New Stake in Canadian Pacific Kansas City Limited $CP

Key Points

• Jupiter Topco LLC acquired 6.65 million shares of Canadian Pacific Kansas City, valued at approximately $576.7 million and representing a 0.76% stake. Institutional investors and hedge funds collectively own 72.20% of the company.
• Analyst sentiment remains favorable, with the stock holding a consensus “Moderate Buy” rating and an average price target of $108.60. RBC raised its target to $145, while Citigroup increased its target to $109.
• CPKC reported quarterly earnings of $0.92 per share, surpassing estimates of $0.89, while revenue rose 12.6% year over year to $2.93 billion. The company also announced a quarterly dividend of $0.268 per share, yielding approximately 1.1% annually.

Jupiter Topco LLC bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,654,647 shares of the transportation company's stock, valued at approximately $576,687,000. Jupiter Topco LLC owned about 0.76% of Canadian Pacific Kansas City as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Canadian Pacific Kansas City by 3.8% in the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock valued at $304,000 after buying an additional 130 shares during the period. Foster Group Inc. boosted its holdings in 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 valued at $371,000 after acquiring an additional 137 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in 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 acquiring an additional 142 shares during the last quarter. Altshuler Shaham Ltd increased its position in Canadian Pacific Kansas City by 1.2% during the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock valued at $926,000 after purchasing an additional 144 shares during the period. Finally, Essex Financial Services Inc. raised its holdings in 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 worth $376,000 after purchasing an additional 149 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CP has been the topic of a number of analyst reports. Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 2nd. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $108.60.

Canadian Pacific Kansas City Trading Down 0.2%

NYSE:CP opened at $94.45 on Wednesday. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month 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 capitalization of $82.97 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.85 and a beta of 1.10. The firm has a fifty day simple moving average of $90.42 and a two-hundred day simple moving average of $86.47.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data 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 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 quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

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 given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis 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 presently 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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