Commerzbank Aktiengesellschaft FI cut its holdings in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,242 shares of the transportation company’s stock after selling 1,308 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Canadian Pacific Railway were worth $2,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC raised its position in Canadian Pacific Railway by 15.5% in the 3rd quarter. Signaturefd LLC now owns 981 shares of the transportation company’s stock valued at $218,000 after buying an additional 132 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Canadian Pacific Railway in the 3rd quarter valued at $288,000. Kirr Marbach & Co. LLC IN raised its position in Canadian Pacific Railway by 0.7% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 59,295 shares of the transportation company’s stock valued at $13,191,000 after buying an additional 440 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new stake in Canadian Pacific Railway in the 3rd quarter valued at $132,000. Finally, Cerebellum GP LLC purchased a new stake in Canadian Pacific Railway in the 3rd quarter valued at $133,000. 68.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CP opened at $216.37 on Monday. The company has a market capitalization of $30.27 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.67 and a quick ratio of 0.55. The business has a fifty day moving average price of $225.93 and a two-hundred day moving average price of $227.96. Canadian Pacific Railway Ltd has a 1 year low of $167.48 and a 1 year high of $247.52.

A number of equities research analysts recently commented on CP shares. Argus increased their price target on Canadian Pacific Railway to $265.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. TheStreet lowered Canadian Pacific Railway from a “b+” rating to a “c” rating in a research report on Tuesday, July 16th. Credit Suisse Group upped their price objective on Canadian Pacific Railway from $262.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. CIBC set a $327.00 price objective on Canadian Pacific Railway and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Bank of America downgraded Canadian Pacific Railway from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 16th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $261.93.

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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