Canadian Pacific Railway Ltd. (CP) Shares Bought by Ngam Advisors L.P.
Ngam Advisors L.P. boosted its position in Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) by 16.2% during the third quarter, Holdings Channel reports. The firm owned 48,028 shares of the company’s stock after buying an additional 6,693 shares during the period. Ngam Advisors L.P.’s holdings in Canadian Pacific Railway were worth $7,334,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Sei Investments Co. increased its stake in Canadian Pacific Railway by 6.9% in the third quarter. Sei Investments Co. now owns 286,679 shares of the company’s stock worth $43,776,000 after buying an additional 18,433 shares during the last quarter. M&T Bank Corp increased its stake in Canadian Pacific Railway by 53.5% in the third quarter. M&T Bank Corp now owns 29,377 shares of the company’s stock valued at $4,486,000 after buying an additional 10,238 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Canadian Pacific Railway by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 16,637 shares of the company’s stock valued at $2,541,000 after buying an additional 443 shares in the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in Canadian Pacific Railway during the third quarter valued at about $221,000. Finally, CIBC World Markets Inc. increased its stake in Canadian Pacific Railway by 71.4% in the third quarter. CIBC World Markets Inc. now owns 237,759 shares of the company’s stock valued at $36,306,000 after buying an additional 99,004 shares in the last quarter. Institutional investors and hedge funds own 68.67% of the company’s stock.
Canadian Pacific Railway Ltd. (NYSE:CP) traded up 2.47% during midday trading on Wednesday, hitting $152.70. The stock had a trading volume of 711,777 shares. The firm has a market capitalization of $22.33 billion, a price-to-earnings ratio of 20.43 and a beta of 1.08. The firm has a 50-day moving average price of $146.59 and a 200-day moving average price of $142.68. Canadian Pacific Railway Ltd. has a 1-year low of $97.09 and a 1-year high of $157.34.
Canadian Pacific Railway (NYSE:CP) last released its earnings results on Wednesday, October 19th. The company reported $2.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by $0.06. The firm earned $1.55 billion during the quarter, compared to the consensus estimate of $1.26 billion. Canadian Pacific Railway had a net margin of 24.33% and a return on equity of 30.92%. The company’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 EPS. On average, equities research analysts anticipate that Canadian Pacific Railway Ltd. will post $7.80 earnings per share for the current year.
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CP has been the subject of several research reports. Seaport Global Securities initiated coverage on shares of Canadian Pacific Railway in a research note on Monday, October 24th. They set a “buy” rating and a $165.00 price objective for the company. Vertical Research assumed coverage on shares of Canadian Pacific Railway in a research report on Tuesday, October 11th. They set a “buy” rating on the stock. Scotiabank reissued an “outperform” rating and set a $220.00 target price (up from $210.00) on shares of Canadian Pacific Railway in a research report on Saturday, October 22nd. TD Securities reissued a “hold” rating and set a $205.00 target price on shares of Canadian Pacific Railway in a research report on Saturday, October 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $220.00 target price (up from $215.00) on shares of Canadian Pacific Railway in a research report on Saturday, October 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $182.15.
In other Canadian Pacific Railway news, VP Peter John Edwards sold 15,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $149.60, for a total value of $2,288,880.00. Following the sale, the vice president now owns 16,333 shares in the company, valued at approximately $2,443,416.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.
Canadian Pacific Railway Company Profile
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.
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