Findlay Park Partners LLP Makes New $193.51 Million Investment in Canadian Pacific Kansas City Limited $CP

Findlay Park Partners LLP bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, Holdings Channel reports. The institutional investor bought 2,233,296 shares of the transportation company’s stock, valued at approximately $193,515,000. Canadian Pacific Kansas City accounts for 2.6% of Findlay Park Partners LLP’s portfolio, making the stock its 15th biggest holding.

A number of other large investors also recently modified their holdings of CP. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $978,558,000. Janus Henderson Group PLC lifted its holdings in Canadian Pacific Kansas City by 586.1% in the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after acquiring an additional 5,251,755 shares during the last quarter. FIL Ltd lifted its holdings in Canadian Pacific Kansas City by 20.2% in the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after acquiring an additional 2,804,686 shares during the last quarter. Bessemer Group Inc. boosted its stake in Canadian Pacific Kansas City by 5,826.3% in the first quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock valued at $199,605,000 after acquiring an additional 2,502,104 shares during the period. Finally, Canoe Financial LP grew its holdings in shares of Canadian Pacific Kansas City by 45,389.7% during the first quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock valued at $159,885,000 after purchasing an additional 2,028,010 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CP. Susquehanna increased their price target on 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. Citigroup upped their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $96.81 on Friday. The firm’s 50 day moving average is $90.21 and its two-hundred day moving average is $86.16. The firm has a market capitalization of $85.04 billion, a P/E ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. 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 52 week low of $68.42 and a 52 week 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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

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.