Bristol Gate Capital Partners Inc. Takes $595,000 Position in Canadian Pacific Kansas City Limited $CP

Bristol Gate Capital Partners Inc. acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,865 shares of the transportation company’s stock, valued at approximately $595,000. Canadian Pacific Kansas City accounts for 0.0% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also recently made changes to their positions in the business. Saranac Partners Ltd acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at about $6,773,000. HighTower Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after purchasing an additional 37,044 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $1,983,000. Rathbones Group PLC grew its position in shares of Canadian Pacific Kansas City by 5.9% in the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after purchasing an additional 95,727 shares in the last quarter. Finally, WGI DM LLC increased its holdings in shares of Canadian Pacific Kansas City by 3.9% in the fourth quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock valued at $32,237,000 after purchasing an additional 16,282 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CP shares. Citigroup lifted their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Royal Bank Of Canada reiterated an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Finally, Susquehanna upped their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. One equities research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Trading Down 0.2%

CP opened at $94.45 on Wednesday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. The stock has a market capitalization of $82.97 billion, a PE ratio of 30.37, a P/E/G ratio of 1.85 and a beta of 1.10. The business’s 50 day moving average price is $90.42 and its 200 day moving average price is $86.47. 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS 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. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is currently 25.08%.

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.