Nordea Investment Management AB Has $3.30 Million Stake in Canadian Pacific Railway Ltd (NYSE:CP)

Nordea Investment Management AB lifted its stake in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 50.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,985 shares of the transportation company’s stock after buying an additional 4,000 shares during the quarter. Nordea Investment Management AB’s holdings in Canadian Pacific Railway were worth $3,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Advisory Services Network LLC grew its stake in Canadian Pacific Railway by 787.5% during the 1st quarter. Advisory Services Network LLC now owns 426 shares of the transportation company’s stock valued at $88,000 after purchasing an additional 378 shares during the last quarter. Cerebellum GP LLC lifted its holdings in shares of Canadian Pacific Railway by 9.9% in the 1st quarter. Cerebellum GP LLC now owns 1,613 shares of the transportation company’s stock valued at $332,000 after buying an additional 145 shares during the period. Hansberger Growth Investors LP lifted its holdings in shares of Canadian Pacific Railway by 9.7% in the 1st quarter. Hansberger Growth Investors LP now owns 48,279 shares of the transportation company’s stock valued at $9,947,000 after buying an additional 4,285 shares during the period. GWM Advisors LLC lifted its holdings in shares of Canadian Pacific Railway by 18.1% in the 1st quarter. GWM Advisors LLC now owns 2,184 shares of the transportation company’s stock valued at $450,000 after buying an additional 335 shares during the period. Finally, Bishop Rock Capital L.P. lifted its holdings in shares of Canadian Pacific Railway by 61.3% in the 1st quarter. Bishop Rock Capital L.P. now owns 42,973 shares of the transportation company’s stock valued at $8,859,000 after buying an additional 16,335 shares during the period. Hedge funds and other institutional investors own 67.63% of the company’s stock.

CP traded down $2.78 during trading on Thursday, hitting $241.72. The company’s stock had a trading volume of 743,000 shares, compared to its average volume of 458,709. The business has a 50 day simple moving average of $234.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.66 and a current ratio of 0.76. The stock has a market cap of $34.44 billion, a PE ratio of 21.58, a PEG ratio of 1.73 and a beta of 1.09. Canadian Pacific Railway Ltd has a twelve month low of $167.48 and a twelve month high of $247.52.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.19 by $1.11. Canadian Pacific Railway had a net margin of 30.40% and a return on equity of 32.21%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company earned $3.16 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, research analysts expect that Canadian Pacific Railway Ltd will post 12.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a dividend of $0.634 per share. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, September 26th. This represents a $2.54 annualized dividend and a yield of 1.05%. Canadian Pacific Railway’s dividend payout ratio is 22.68%.

CP has been the subject of a number of analyst reports. Citigroup set a $20.00 price target on Compania de Minas Buenaventura SAA and gave the stock a “buy” rating in a report on Thursday, April 4th. Macquarie set a $52.00 target price on Southwest Airlines and gave the company a “hold” rating in a report on Thursday, March 28th. Credit Suisse Group set a GBX 3,090 ($40.38) target price on Royal Dutch Shell and gave the company a “buy” rating in a report on Wednesday. Wolfe Research upgraded Covenant Transportation Group from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 28th. Finally, ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $242.62.

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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

Further Reading: Institutional Investors

Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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