Janus Henderson Group PLC Sells 529,863 Shares of Canadian Pacific Railway Limited (CP)

Janus Henderson Group PLC cut its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 90.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,425 shares of the transportation company’s stock after selling 529,863 shares during the quarter. Janus Henderson Group PLC’s holdings in Canadian Pacific Railway were worth $9,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. HL Financial Services LLC lifted its holdings in shares of Canadian Pacific Railway by 20.2% during the second quarter. HL Financial Services LLC now owns 1,554 shares of the transportation company’s stock worth $284,000 after purchasing an additional 261 shares during the period. Traynor Capital Management Inc. lifted its holdings in Canadian Pacific Railway by 16.6% in the second quarter. Traynor Capital Management Inc. now owns 1,902 shares of the transportation company’s stock valued at $343,000 after acquiring an additional 271 shares during the period. D.A. Davidson & CO. lifted its holdings in Canadian Pacific Railway by 7.0% in the second quarter. D.A. Davidson & CO. now owns 4,320 shares of the transportation company’s stock valued at $791,000 after acquiring an additional 282 shares during the period. Reliance Trust Co. of Delaware lifted its holdings in Canadian Pacific Railway by 5.3% in the second quarter. Reliance Trust Co. of Delaware now owns 5,966 shares of the transportation company’s stock valued at $1,092,000 after acquiring an additional 300 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in Canadian Pacific Railway by 10.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,938 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 358 shares during the period. 65.64% of the stock is owned by hedge funds and other institutional investors.

CP has been the subject of a number of recent analyst reports. Argus raised their target price on Canadian Pacific Railway from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Credit Suisse Group raised their target price on Canadian Pacific Railway from $210.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, July 19th. Zacks Investment Research raised Canadian Pacific Railway from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Stifel Nicolaus initiated coverage on Canadian Pacific Railway in a report on Thursday, May 24th. They issued a “hold” rating and a $201.00 target price for the company. Finally, Loop Capital reissued a “buy” rating on shares of Canadian Pacific Railway in a report on Thursday, July 19th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $217.11.

Shares of CP stock opened at $205.55 on Monday. Canadian Pacific Railway Limited has a fifty-two week low of $158.08 and a fifty-two week high of $211.44. The firm has a market capitalization of $29.52 billion, a PE ratio of 23.41, a PEG ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.48.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 18th. The transportation company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.76. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.77 EPS. sell-side analysts anticipate that Canadian Pacific Railway Limited will post 10.22 earnings per share for the current fiscal year.

About Canadian Pacific Railway

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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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

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