Mirova US LLC Has $173.04 Million Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Mirova US LLC increased its holdings in Canadian Pacific Kansas City Limited to 2,182,880 shares, valued at approximately $173.04 million, making it the investor's 24th largest holding.
• Canadian Pacific Kansas City reported quarterly earnings of $0.81 per share, missing analysts' expectations, and had revenue of $2.72 billion, slightly below estimates.
• The company will pay a dividend of $0.1651 per share on October 27th, marking an increase from the previous dividend of $0.16.

Mirova US LLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,182,880 shares of the transportation company's stock after acquiring an additional 25,345 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.8% of Mirova US LLC's holdings, making the stock its 24th largest holding. Mirova US LLC owned about 0.24% of Canadian Pacific Kansas City worth $173,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted 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 worth $28,000 after acquiring an additional 256 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $30,000. Hexagon Capital Partners LLC boosted its holdings in shares of Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after acquiring an additional 164 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $77.75 on Wednesday. The business's fifty day moving average is $75.22 and its 200-day moving average is $76.43. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The company has a market cap of $70.51 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid 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 dividend on an annualized basis and a dividend yield of 0.8%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.56%.

Wall Street Analysts Forecast Growth

CP has been the topic of several recent analyst reports. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. National Bankshares restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a research report on Thursday, September 25th. Stephens boosted their price objective on shares of 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. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $91.80.

About Canadian Pacific Kansas City

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.

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