Canada Pension Plan Investment Board Acquires New Stake in Canadian Pacific Kansas City Limited $CP

Canada Pension Plan Investment Board bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,263,236 shares of the transportation company’s stock, valued at approximately $542,469,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $26,407,000. Legal & General Group Plc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $604,797,000. The Manufacturers Life Insurance Company bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $657,672,000. Jones Financial Companies Lllp bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $44,000. Finally, Sone Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $8,269,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $94.45 on Wednesday. The firm has a market cap of $82.97 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The business’s 50 day moving average is $90.42 and its 200-day moving average is $86.47. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm posted $1.12 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given 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 is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is presently 25.08%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Susquehanna boosted their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Finally, Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Company 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.