WINTON GROUP Ltd Increases Holdings in Canadian Pacific Railway Limited (NYSE:CP)

WINTON GROUP Ltd grew its holdings in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 350.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,384 shares of the transportation company’s stock after buying an additional 8,854 shares during the quarter. WINTON GROUP Ltd’s holdings in Canadian Pacific Railway were worth $876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Canadian Pacific Railway by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,861 shares of the transportation company’s stock valued at $1,085,000 after buying an additional 30 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Canadian Pacific Railway by 2.1% during the 1st quarter. Moors & Cabot Inc. now owns 1,630 shares of the transportation company’s stock valued at $619,000 after buying an additional 33 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Canadian Pacific Railway by 1.6% during the 1st quarter. Guggenheim Capital LLC now owns 2,620 shares of the transportation company’s stock valued at $994,000 after buying an additional 40 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Canadian Pacific Railway by 7.5% during the 1st quarter. Quadrant Capital Group LLC now owns 918 shares of the transportation company’s stock valued at $348,000 after buying an additional 64 shares in the last quarter. Finally, WealthStone Inc. grew its holdings in Canadian Pacific Railway by 6.6% during the 1st quarter. WealthStone Inc. now owns 1,081 shares of the transportation company’s stock valued at $410,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.

Several equities analysts recently commented on the stock. CIBC upped their price target on shares of Canadian Pacific Railway from C$105.00 to C$106.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Barclays cut 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. Wells Fargo & Company upped their price target on shares of Canadian Pacific Railway from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, July 9th. Cowen lowered their price target on shares of Canadian Pacific Railway from $108.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, July 29th. Finally, Argus cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Thursday, August 12th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Railway has an average rating of “Buy” and a consensus price target of $89.02.

NYSE:CP opened at $68.19 on Friday. Canadian Pacific Railway Limited has a 52 week low of $58.17 and a 52 week high of $83.07. The firm has a 50 day moving average of $71.89 and a 200 day moving average of $74.89. 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 stock has a market capitalization of $45.47 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.28 and a beta of 0.85.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 28th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.17. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Canadian Pacific Railway had a net margin of 41.46% and a return on equity of 32.10%. As a group, analysts expect that Canadian Pacific Railway Limited will post 3.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 25th. Shareholders of record on Friday, September 24th will be issued a $0.1512 dividend. The ex-dividend date of this dividend is Thursday, September 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.89%. Canadian Pacific Railway’s dividend payout ratio is currently 23.86%.

Canadian Pacific Railway Profile

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.

Further Reading: How do investors use RSI to grade stocks?

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP).

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

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.