Bishop Rock Capital L.P. Acquires 16,335 Shares of Canadian Pacific Railway Ltd (NYSE:CP)

Bishop Rock Capital L.P. boosted its stake in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 61.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,973 shares of the transportation company’s stock after acquiring an additional 16,335 shares during the quarter. Canadian Pacific Railway comprises about 3.1% of Bishop Rock Capital L.P.’s investment portfolio, making the stock its 20th biggest position. Bishop Rock Capital L.P.’s holdings in Canadian Pacific Railway were worth $8,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinnacle Bank acquired a new stake in shares of Canadian Pacific Railway during the 4th quarter worth approximately $28,000. CWM LLC increased its holdings 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 acquired a new stake in Canadian Pacific Railway in the 4th quarter valued at approximately $36,000. Capital Investment Advisory Services LLC acquired a new stake in Canadian Pacific Railway in the 4th quarter valued at approximately $40,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Canadian Pacific Railway in the 4th quarter valued at approximately $45,000. 67.63% of the stock is currently owned by institutional investors.

Several equities analysts have commented on CP shares. Wolfe Research cut shares of Canadian Pacific Railway from an “outperform” rating to a “peer perform” rating in a research report on Friday. ValuEngine raised shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Deutsche Bank decreased their price objective on shares of 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. Zacks Investment Research cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Finally, Desjardins cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Canadian Pacific Railway has an average rating of “Buy” and an average price target of $232.98.

Shares of NYSE CP traded up $3.41 on Monday, hitting $238.65. The company’s stock had a trading volume of 339,500 shares, compared to its average volume of 451,558. Canadian Pacific Railway Ltd has a 12-month low of $167.48 and a 12-month high of $241.20. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.66. The company has a 50 day simple moving average of $229.74. The stock has a market cap of $32.90 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.25 by $0.54. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.52%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business posted $2.70 earnings per share. Canadian Pacific Railway’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian Pacific Railway Ltd will post 12.36 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.6174 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.47 annualized dividend and a dividend yield of 1.03%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.49. Canadian Pacific Railway’s dividend payout ratio is presently 21.96%.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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