Jupiter Topco LLC Makes New $576.69 Million Investment in Canadian Pacific Kansas City Limited $CP

Jupiter Topco LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, Holdings Channel.com reports. The fund acquired 6,654,647 shares of the transportation company’s stock, valued at approximately $576,687,000.

A number of other hedge funds have also recently made changes to their positions in the business. Fiduciary Financial Advisors bought a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $25,000. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $29,000. McMillan Office Inc. acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on CP shares. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, June 25th. 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. Argus set a $105.00 price target on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company raised their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $94.45 on Wednesday. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90. The stock’s 50 day moving average price is $90.42 and its 200-day moving average price is $86.47. The company has a market capitalization of $82.97 billion, a PE ratio of 30.37, a PEG ratio of 1.85 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

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, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.Canadian Pacific Kansas City’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $1.12 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders 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 is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 25.08%.

Canadian Pacific Kansas City Company 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.