Quadrant Capital Group LLC lifted its position in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 29.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,447 shares of the transportation company’s stock after purchasing an additional 557 shares during the quarter. Quadrant Capital Group LLC’s holdings in Canadian Pacific Railway were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Pinnacle Bank bought a new position in Canadian Pacific Railway in the 4th quarter valued at $28,000. CWM LLC raised its position in Canadian Pacific Railway by 186.2% in the 4th quarter. CWM LLC now owns 166 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 108 shares during the last quarter. Van ECK Associates Corp bought a new position in Canadian Pacific Railway in the 4th quarter valued at $36,000. Capital Investment Advisory Services LLC bought a new position in Canadian Pacific Railway in the 4th quarter valued at $40,000. Finally, Princeton Global Asset Management LLC bought a new position in Canadian Pacific Railway in the 4th quarter valued at $45,000. 68.58% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on CP shares. Zacks Investment Research downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Argus boosted their target price on Canadian Pacific Railway from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Deutsche Bank dropped their target price on Canadian Pacific Railway from $248.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Desjardins downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Macquarie restated a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $230.77.
NYSE:CP traded up $0.03 on Wednesday, reaching $226.99. The company’s stock had a trading volume of 202,900 shares, compared to its average volume of 454,003. Canadian Pacific Railway Ltd has a 1-year low of $167.48 and a 1-year high of $229.85. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.24. The stock has a market cap of $32.03 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.65 and a beta of 1.17.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.54. Canadian Pacific Railway had a return on equity of 30.52% and a net margin of 27.45%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts forecast that Canadian Pacific Railway Ltd will post 12.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.6174 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, June 27th. Canadian Pacific Railway’s payout ratio is 17.41%.
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Canadian Pacific Railway Company 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.
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