Syntal Capital Partners LLC Takes Position in Canadian Pacific Railway Limited (NYSE:CP)

Syntal Capital Partners LLC bought a new stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 19,549 shares of the transportation company’s stock, valued at approximately $1,522,000.

Several other large investors have also recently modified their holdings of CP. WCM Investment Management LLC raised its position in shares of Canadian Pacific Railway by 407.2% in the 2nd quarter. WCM Investment Management LLC now owns 31,907,705 shares of the transportation company’s stock valued at $2,454,022,000 after buying an additional 25,616,834 shares in the last quarter. Bank of Montreal Can raised its position in shares of Canadian Pacific Railway by 447.2% in the 2nd quarter. Bank of Montreal Can now owns 17,452,689 shares of the transportation company’s stock valued at $1,349,618,000 after buying an additional 14,263,077 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Canadian Pacific Railway by 401.3% in the 2nd quarter. Mackenzie Financial Corp now owns 16,610,342 shares of the transportation company’s stock valued at $1,276,030,000 after buying an additional 13,297,150 shares in the last quarter. Veritas Asset Management LLP grew its holdings in shares of Canadian Pacific Railway by 359.1% during the 2nd quarter. Veritas Asset Management LLP now owns 14,772,490 shares of the transportation company’s stock valued at $1,136,152,000 after purchasing an additional 11,554,932 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Canadian Pacific Railway by 290.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,556,011 shares of the transportation company’s stock valued at $815,559,000 after purchasing an additional 6,366,167 shares during the last quarter. Institutional investors own 69.45% of the company’s stock.

CP traded up $0.82 during trading on Monday, hitting $66.61. 168,357 shares of the company’s stock were exchanged, compared to its average volume of 3,300,992. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $71.00 and its two-hundred day moving average is $74.61. Canadian Pacific Railway Limited has a fifty-two week low of $58.79 and a fifty-two week high of $83.07. The stock has a market cap of $44.42 billion, a P/E ratio of 17.34, a PEG ratio of 2.03 and a beta of 0.85.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 28th. The transportation company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.17. Canadian Pacific Railway had a net margin of 41.46% and a return on equity of 32.10%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.69 billion. On average, sell-side analysts forecast that Canadian Pacific Railway Limited will post 3.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 25th. Shareholders of record on Friday, September 24th will be issued a dividend of $0.1512 per share. The ex-dividend date is Thursday, September 23rd. This represents a $0.60 annualized dividend and a yield of 0.91%. Canadian Pacific Railway’s payout ratio is 22.73%.

CP has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of Canadian Pacific Railway in a report on Monday, June 21st. They set a “hold” rating on the stock. Barclays decreased their price target on shares of Canadian Pacific Railway from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, July 14th. Zacks Investment Research lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a report on Thursday, June 3rd. Scotiabank lifted their price target on shares of Canadian Pacific Railway from C$108.00 to C$110.00 and gave the company an “outperform” rating in a report on Friday, September 17th. Finally, Cowen reduced their target price on shares of Canadian Pacific Railway from $108.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, July 29th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $90.78.

About Canadian Pacific Railway

Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail service. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.

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

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