Cantillon Capital Management LLC Has $341.73 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Cantillon Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,344,435 shares of the transportation company’s stock after purchasing an additional 136,577 shares during the quarter. Canadian Pacific Kansas City makes up approximately 2.3% of Cantillon Capital Management LLC’s holdings, making the stock its 20th largest holding. Cantillon Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $341,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $29,000. McMillan Office Inc. bought a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Wealth Watch Advisors INC acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $36,000. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Sanford C. Bernstein lifted their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $93.70 on Monday. The firm has a 50 day moving average of $88.24 and a 200-day moving average of $82.83. The stock has a market capitalization of $82.93 billion, a PE ratio of 28.92, a PEG ratio of 1.87 and a beta of 1.10. 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 $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue was down 2.5% on a year-over-year basis. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.1%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is 24.07%.

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.