Port Capital LLC Boosts Holdings in Canadian Pacific Railway Limited (CP)

Port Capital LLC boosted its holdings in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 97,480 shares of the transportation company’s stock after purchasing an additional 1,235 shares during the quarter. Canadian Pacific Railway makes up approximately 2.5% of Port Capital LLC’s portfolio, making the stock its 6th biggest holding. Port Capital LLC’s holdings in Canadian Pacific Railway were worth $20,660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $3,170,000. Korea Investment CORP increased its holdings in shares of Canadian Pacific Railway by 18.1% in the 2nd quarter. Korea Investment CORP now owns 71,163 shares of the transportation company’s stock valued at $13,033,000 after acquiring an additional 10,900 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Canadian Pacific Railway by 0.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 75,264 shares of the transportation company’s stock valued at $15,951,000 after acquiring an additional 342 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $370,000. Finally, Natixis bought a new stake in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $348,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

A number of brokerages have recently weighed in on CP. Credit Suisse Group boosted their price target on Canadian Pacific Railway from $216.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 5th. Stifel Nicolaus boosted their price target on Canadian Pacific Railway from $207.00 to $247.00 and gave the company a “hold” rating in a report on Sunday, October 7th. Stephens reiterated a “hold” rating and issued a $239.00 price target on shares of Canadian Pacific Railway in a report on Monday, October 8th. Cowen boosted their price target on Canadian Pacific Railway from $225.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, October 8th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $260.00 price target (up from $242.00) on shares of Canadian Pacific Railway in a report on Monday, October 8th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $237.15.

NYSE:CP traded down $4.34 during midday trading on Thursday, reaching $195.45. 8,561 shares of the company traded hands, compared to its average volume of 627,795. Canadian Pacific Railway Limited has a twelve month low of $166.36 and a twelve month high of $224.19. The firm has a market capitalization of $28.49 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.42 and a beta of 0.91. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.68 and a quick ratio of 0.58.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Thursday, October 18th. The transportation company reported $4.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.16 by $0.96. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm posted $2.90 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Research analysts anticipate that Canadian Pacific Railway Limited will post 10.82 EPS for the current fiscal year.

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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 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.

Read More: Understanding each part of a balance sheet

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

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