Maren Capital LLC Has $93.89 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Maren Capital LLC trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,275,173 shares of the transportation company’s stock after selling 72,225 shares during the quarter. Canadian Pacific Kansas City comprises approximately 5.0% of Maren Capital LLC’s portfolio, making the stock its 9th biggest position. Maren Capital LLC’s holdings in Canadian Pacific Kansas City were worth $93,891,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock valued at $2,884,826,000 after purchasing an additional 510,633 shares during the period. Invesco Ltd. grew its stake in shares of Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares during the period. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $978,558,000. Geode Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock valued at $661,339,000 after purchasing an additional 461,724 shares during the period. Finally, Cibc World Market Inc. grew its stake in shares of Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after purchasing an additional 1,517,323 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CP shares. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday, May 29th. Citigroup boosted their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.22.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of NYSE:CP opened at $89.99 on Monday. The stock has a 50 day moving average of $85.52 and a 200 day moving average of $80.26. The company has a market cap of $79.84 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.

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.