Maren Capital LLC Has $86.80 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Maren Capital LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 makes up approximately 6.6% of Maren Capital LLC’s portfolio, making the stock its 8th largest holding. Maren Capital LLC owned 0.13% of Canadian Pacific Kansas City worth $86,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $235,000. Quantinno Capital Management LP raised its position in shares of Canadian Pacific Kansas City by 10.0% during the 3rd quarter. Quantinno Capital Management LP now owns 48,544 shares of the transportation company’s stock valued at $4,156,000 after buying an additional 4,425 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,281,281 shares of the transportation company’s stock worth $195,326,000 after acquiring an additional 5,781 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Canadian Pacific Kansas City by 74.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 10,432 shares of the transportation company’s stock worth $892,000 after acquiring an additional 4,458 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City in the third quarter valued at $221,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.3 %

CP 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 debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm’s fifty day moving average is $75.73 and its 200 day moving average is $76.87. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.00 and a fifty-two week high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date 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 dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent research reports. Stephens increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently 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.