LRZ Capital LLC Decreases Position in Canadian Pacific Kansas City Limited $CP

Key Points

• LRZ Capital reduced its Canadian Pacific Kansas City stake by 11.7% in the second quarter, selling 17,255 shares and retaining 130,750 shares valued at approximately $11.3 million.
• Institutional ownership remains substantial at 72.2%, with several major funds—including Norges Bank, Janus Henderson, FIL Ltd., Bessemer Group and Canoe Financial—adding to their positions.
• CPKC beat quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus with an average price target of $108.60; the company also declared a quarterly dividend of $0.268 per share.

LRZ Capital LLC reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,750 shares of the transportation company's stock after selling 17,255 shares during the quarter. Canadian Pacific Kansas City comprises approximately 5.7% of LRZ Capital LLC's portfolio, making the stock its 8th biggest holding. LRZ Capital LLC's holdings in Canadian Pacific Kansas City were worth $11,329,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CP. Norges Bank purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $978,558,000. Janus Henderson Group PLC raised its position in shares of Canadian Pacific Kansas City by 586.1% during the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company's stock valued at $452,781,000 after buying an additional 5,251,755 shares in the last quarter. FIL Ltd lifted its holdings in shares of Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company's stock worth $1,227,045,000 after acquiring an additional 2,804,686 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 5,826.3% during the 1st quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company's stock worth $199,605,000 after acquiring an additional 2,502,104 shares during the last quarter. Finally, Canoe Financial LP lifted its holdings in shares of Canadian Pacific Kansas City by 45,389.7% during the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company's stock worth $159,885,000 after acquiring an additional 2,028,010 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $93.53 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $94.66. The stock has a market capitalization of $82.16 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The company has a fifty day moving average of $89.72 and a 200-day moving average of $85.41. 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 (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 25.08%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stephens raised Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. Citizens Jmp began coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Finally, Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the company an "overweight" rating in a research report on Thursday, June 25th. 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $108.60.

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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