Amussen Hunsaker Associates LLC lowered its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 13,620 shares of the transportation company’s stock after selling 763 shares during the period. Canadian Pacific Railway accounts for about 2.1% of Amussen Hunsaker Associates LLC’s holdings, making the stock its 13th biggest position. Amussen Hunsaker Associates LLC’s holdings in Canadian Pacific Railway were worth $2,489,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its stake in Canadian Pacific Railway by 92.6% in the 4th quarter. Mackenzie Financial Corp now owns 2,596,564 shares of the transportation company’s stock worth $474,548,000 after purchasing an additional 1,248,344 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Canadian Pacific Railway by 145.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 853,862 shares of the transportation company’s stock worth $156,050,000 after purchasing an additional 506,420 shares during the period. Egerton Capital UK LLP boosted its stake in Canadian Pacific Railway by 37.6% in the 4th quarter. Egerton Capital UK LLP now owns 1,535,632 shares of the transportation company’s stock worth $280,652,000 after purchasing an additional 419,905 shares during the period. Mawer Investment Management Ltd. boosted its stake in Canadian Pacific Railway by 23.8% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,213,962 shares of the transportation company’s stock worth $204,020,000 after purchasing an additional 233,468 shares during the period. Finally, WCM Investment Management CA boosted its stake in Canadian Pacific Railway by 6.0% in the 4th quarter. WCM Investment Management CA now owns 4,041,290 shares of the transportation company’s stock worth $738,586,000 after purchasing an additional 229,410 shares during the period. 68.59% of the stock is owned by institutional investors.
Several research analysts have commented on CP shares. Cowen raised their target price on Canadian Pacific Railway from $184.00 to $207.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Goldman Sachs upgraded Canadian Pacific Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $176.72 to $213.00 in a research note on Tuesday, February 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $200.00 price target (down previously from $209.00) on shares of Canadian Pacific Railway in a research report on Thursday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $194.13.
Shares of CP stock opened at $176.26 on Wednesday. The stock has a market capitalization of $25,642.46, a PE ratio of 13.80, a PEG ratio of 1.47 and a beta of 1.07. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 1.15. Canadian Pacific Railway Limited has a 12-month low of $143.20 and a 12-month high of $188.80.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.03). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Canadian Pacific Railway had a net margin of 36.88% and a return on equity of 29.96%. sell-side analysts forecast that Canadian Pacific Railway Limited will post 10.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be given a $0.4473 dividend. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $1.79 dividend on an annualized basis and a yield of 1.02%. Canadian Pacific Railway’s payout ratio is presently 14.33%.
Canadian Pacific Railway Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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