Port Capital LLC Buys New Holdings in Canadian Pacific Kansas City Limited $CP

Port Capital LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 552,701 shares of the transportation company’s stock, valued at approximately $47,906,000. Canadian Pacific Kansas City comprises about 2.0% of Port Capital LLC’s portfolio, making the stock its 21st biggest position. Port Capital LLC owned approximately 0.06% of Canadian Pacific Kansas City as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Fiduciary Financial Advisors acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $25,000. Prosperity Bancshares Inc acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at $29,000. McMillan Office Inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at $31,000. Finally, Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $94.74 on Thursday. The stock’s 50-day moving average is $90.61 and its two-hundred day moving average is $86.58. The firm has a market cap of $83.22 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.84 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 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 for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is 25.08%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Susquehanna raised their target price 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. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Argus set a $105.00 price target on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Finally, Evercore set a $99.00 price target 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 given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $108.60.

About Canadian Pacific Kansas City

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.