Manhattan West Asset Management LLC Makes New Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Manhattan West Asset Management purchased 42,443 shares of Canadian Pacific Kansas City, valued at approximately $3.68 million. Institutional investors collectively own 72.2% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $108.60; one analyst rates the stock a Strong Buy, 11 rate it Buy, and three rate it Hold.
• CP beat quarterly expectations with earnings of $0.92 per share and revenue of $2.93 billion, while revenue increased 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, representing a 1.1% annualized yield.

Manhattan West Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 42,443 shares of the transportation company's stock, valued at approximately $3,678,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $29,000. McMillan Office Inc. acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at about $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $36,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a report on Thursday, June 25th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. 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. Finally, Evercore set a $99.00 target price on Canadian Pacific Kansas City in a report on Thursday, July 30th. One equities 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $96.81 on Friday. The company has a 50-day moving average of $90.21 and a two-hundred day moving average of $86.16. The stock has a market cap of $85.04 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The business 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 firm's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 earnings per share. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. 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 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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