LRZ Capital LLC Has $11.33 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

LRZ Capital LLC lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.7% in the second quarter, HoldingsChannel.com reports. The firm owned 130,750 shares of the transportation company’s stock after selling 17,255 shares during the quarter. Canadian Pacific Kansas City comprises approximately 5.7% of LRZ Capital LLC’s holdings, making the stock its 8th largest holding. LRZ Capital LLC’s holdings in Canadian Pacific Kansas City were worth $11,329,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rothschild & Co Wealth Management UK Ltd raised its holdings in Canadian Pacific Kansas City by 0.9% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock valued at $394,156,000 after buying an additional 48,258 shares during the last quarter. HighTower Advisors LLC grew its holdings in Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after acquiring an additional 37,044 shares during the last quarter. Jennison Associates LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth $1,983,000. Saranac Partners Ltd purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $5,973,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of Canadian Pacific Kansas City by 2.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,708,432 shares of the transportation company’s stock valued at $125,733,000 after acquiring an additional 44,021 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.4%

Shares of Canadian Pacific Kansas City stock opened at $93.53 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $94.66. The company has a market cap of $82.16 billion, a P/E ratio of 30.08, a PEG ratio of 1.84 and a beta of 1.10. The company’s fifty day simple moving average is $89.72 and its two-hundred day simple moving average is $85.41.

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 the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $1.12 EPS. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is presently 25.08%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CP. Susquehanna increased their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Citigroup boosted their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Argus set a $105.00 price target on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.