Maren Capital LLC Boosts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Maren Capital LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,199,414 shares of the transportation company’s stock after purchasing an additional 128,916 shares during the quarter. Canadian Pacific Kansas City comprises approximately 6.6% of Maren Capital LLC’s investment portfolio, making the stock its 8th biggest position. Maren Capital LLC’s holdings in Canadian Pacific Kansas City were worth $86,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rathbones Group PLC grew its position in shares of Canadian Pacific Kansas City by 12.8% during the 4th quarter. Rathbones Group PLC now owns 1,395,281 shares of the transportation company’s stock worth $100,976,000 after buying an additional 158,563 shares in the last quarter. Invesco Ltd. boosted its stake in Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock valued at $770,526,000 after acquiring an additional 2,177,604 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $2,794,000. Aviva PLC grew its stake in shares of Canadian Pacific Kansas City by 13.1% during the fourth quarter. Aviva PLC now owns 1,551,810 shares of the transportation company’s stock worth $112,164,000 after acquiring an additional 179,313 shares during the last quarter. Finally, Bornite Capital Management LP acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $16,508,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock opened at $70.26 on Monday. The stock has a market cap of $65.60 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52-week low of $68.00 and a 52-week high of $89.26. The business has a fifty day moving average of $75.73 and a two-hundred day moving average of $76.87.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.75%. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CP. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Stephens increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.68.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.