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 disclosure with the Securities and Exchange Commission. The fund acquired 6,865 shares of the transportation company’s stock, valued at approximately $595,000. Canadian Pacific Kansas City comprises about 0.0% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 27th largest holding.

Several other large investors have also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Canadian Pacific Kansas City by 1.3% in the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after acquiring an additional 303,464 shares in the last quarter. FIL Ltd increased its position in shares of Canadian Pacific Kansas City by 20.2% during the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after purchasing an additional 2,804,686 shares in the last quarter. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $978,558,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $802,983,000. Finally, Geode Capital Management LLC boosted its position in shares of Canadian Pacific Kansas City by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after purchasing an additional 461,724 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Susquehanna increased their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce boosted their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Finally, Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $94.45 on Wednesday. The company has a market cap of $82.97 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The stock’s fifty day moving average price is $90.42 and its 200 day moving average price is $86.47. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 25.08%.

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.