Susquehanna Fundamental Investments LLC Purchases New Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Susquehanna Fundamental Investments acquired 92,800 shares of Canadian Pacific Kansas City during the second quarter, valued at approximately $8.0 million. Institutional investors collectively own 72.2% of the company.
• Canadian Pacific Kansas City exceeded quarterly expectations, reporting $0.92 in earnings per share versus the $0.89 consensus estimate and revenue of $2.93 billion, up 12.6% year over year.
• The company declared a quarterly dividend of $0.268 per share, representing a 1.2% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $108.60.

Susquehanna Fundamental Investments LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 92,800 shares of the transportation company's stock, valued at approximately $8,041,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CP. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $978,558,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at about $802,983,000. The Manufacturers Life Insurance Company bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at about $657,672,000. Legal & General Group Plc bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at about $604,797,000. Finally, Jupiter Topco LLC purchased a new position in Canadian Pacific Kansas City in the second quarter worth about $576,687,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $92.64 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $91.06 and a 200-day moving average price of $86.83. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The firm has a market capitalization of $81.37 billion, a PE ratio of 29.79, a P/E/G ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is presently 25.08%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. Wells Fargo & Company raised their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 8th. Canadian Imperial Bank of Commerce upped their price objective on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a research report on Thursday, June 25th. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Argus set a $105.00 target price on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.60.

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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