Kempen Capital Management N.V. Grows Holdings in Canadian Pacific Railway Ltd (NYSE:CP)

Kempen Capital Management N.V. boosted its holdings in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 52.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 872 shares of the transportation company’s stock after purchasing an additional 301 shares during the quarter. Kempen Capital Management N.V.’s holdings in Canadian Pacific Railway were worth $269,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. WCM Investment Management LLC increased its stake in Canadian Pacific Railway by 2.2% in the 2nd quarter. WCM Investment Management LLC now owns 5,065,624 shares of the transportation company’s stock valued at $1,191,638,000 after buying an additional 110,059 shares during the period. FIL Ltd increased its stake in Canadian Pacific Railway by 13.6% in the 1st quarter. FIL Ltd now owns 4,056,828 shares of the transportation company’s stock valued at $835,864,000 after buying an additional 485,524 shares during the period. Vanguard Group Inc. increased its stake in Canadian Pacific Railway by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,917,853 shares of the transportation company’s stock valued at $921,636,000 after buying an additional 95,336 shares during the period. Egerton Capital UK LLP increased its stake in Canadian Pacific Railway by 14.1% in the 2nd quarter. Egerton Capital UK LLP now owns 3,876,127 shares of the transportation company’s stock valued at $911,820,000 after buying an additional 480,354 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Canadian Pacific Railway by 4.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,915,566 shares of the transportation company’s stock valued at $394,664,000 after buying an additional 86,085 shares during the period. Hedge funds and other institutional investors own 68.02% of the company’s stock.

CP has been the topic of several recent research reports. Wolfe Research cut shares of Canadian Pacific Railway from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 28th. National Bank Financial cut shares of Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating and set a $233.71 price objective on the stock. in a research note on Thursday, June 27th. UBS Group lowered their price target on shares of Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating on the stock in a research note on Tuesday. Cowen reaffirmed a “buy” rating and set a $258.00 price target on shares of Canadian Pacific Railway in a research note on Tuesday, July 16th. Finally, ValuEngine cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $249.51.

Shares of CP stock traded down $0.87 during trading hours on Wednesday, hitting $231.52. 4,099 shares of the company were exchanged, compared to its average volume of 437,900. The firm has a market cap of $31.79 billion, a PE ratio of 20.60, a PEG ratio of 1.59 and a beta of 1.09. Canadian Pacific Railway Ltd has a 1 year low of $167.48 and a 1 year high of $247.52. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $235.80 and a 200 day moving average of $225.58.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $1.11. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Canadian Pacific Railway had a net margin of 30.40% and a return on equity of 32.03%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 EPS. Analysts expect that Canadian Pacific Railway Ltd will post 12.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.634 per share. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.62. This represents a $2.54 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, September 26th. Canadian Pacific Railway’s dividend payout ratio is presently 22.68%.

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

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