Canadian Pacific Kansas City Limited $CP Stake Lifted by Maren Capital LLC

Key Points

• Maren Capital LLC has increased its stake in Canadian Pacific Kansas City Limited by 6.3%, now owning approximately 1.27 million shares worth about $89.5 million.
• The company reported a quarterly earnings miss, with EPS of $0.81 compared to a consensus estimate of $0.82, along with a revenue of $2.72 billion against the estimated $2.76 billion.
• Canadian Pacific Kansas City announced a dividend increase to $0.1651 per share, up from the previous $0.16, reflecting a 0.9% yield and a 20.25% payout ratio.

Maren Capital LLC increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,274,752 shares of the transportation company's stock after acquiring an additional 75,338 shares during the period. Canadian Pacific Kansas City comprises 6.1% of Maren Capital LLC's portfolio, making the stock its 8th biggest position. Maren Capital LLC owned about 0.14% of Canadian Pacific Kansas City worth $89,500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its holdings in shares of Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after acquiring an additional 256 shares during the period. North Capital Inc. purchased a new position in Canadian Pacific Kansas City during the first quarter worth approximately $27,000. Cheviot Value Management LLC purchased a new position in Canadian Pacific Kansas City during the first quarter worth approximately $30,000. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $31,000. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after acquiring an additional 164 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $0.54 during trading on Thursday, hitting $76.32. The company had a trading volume of 1,116,261 shares, compared to its average volume of 3,224,483. The firm has a market cap of $69.73 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The firm has a 50-day moving average price of $77.46 and a 200-day moving average price of $76.57. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a $0.1651 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is 20.56%.

Wall Street Analyst Weigh In

CP has been the topic of a number of analyst reports. Stephens lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Evercore ISI lowered their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Barclays raised their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Bank of America boosted their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.