B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $16.53 Million Holdings in Canadian Pacific Railway Limited (CP)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund boosted its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,245 shares of the transportation company’s stock after acquiring an additional 5,245 shares during the quarter. Canadian Pacific Railway comprises about 2.7% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s investment portfolio, making the stock its 13th biggest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund owned 0.06% of Canadian Pacific Railway worth $16,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Waddell & Reed Financial Inc. grew its stake in shares of Canadian Pacific Railway by 10.0% during the second quarter. Waddell & Reed Financial Inc. now owns 94,350 shares of the transportation company’s stock valued at $17,268,000 after buying an additional 8,600 shares during the last quarter. Signaturefd LLC grew its stake in shares of Canadian Pacific Railway by 86.1% during the second quarter. Signaturefd LLC now owns 1,219 shares of the transportation company’s stock valued at $223,000 after buying an additional 564 shares during the last quarter. Paloma Partners Management Co grew its stake in shares of Canadian Pacific Railway by 114.2% during the second quarter. Paloma Partners Management Co now owns 1,242 shares of the transportation company’s stock valued at $228,000 after buying an additional 9,999 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Canadian Pacific Railway by 2.2% during the second quarter. Bank of America Corp DE now owns 236,610 shares of the transportation company’s stock valued at $43,304,000 after buying an additional 5,065 shares during the last quarter. Finally, Natixis bought a new position in shares of Canadian Pacific Railway during the second quarter valued at approximately $348,000. 65.64% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the company. ValuEngine raised Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Argus upped their target price on Canadian Pacific Railway from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Credit Suisse Group upped their target price on Canadian Pacific Railway from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, July 19th. Stifel Nicolaus upped their target price on Canadian Pacific Railway from $200.00 to $207.00 and gave the company a “hold” rating in a research note on Thursday, July 19th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, July 19th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $217.11.

Shares of NYSE:CP opened at $206.72 on Friday. Canadian Pacific Railway Limited has a 52-week low of $157.00 and a 52-week high of $211.44. The company has a market capitalization of $29.74 billion, a P/E ratio of 23.54, a PEG ratio of 1.75 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.21.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 18th. The transportation company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.76. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the firm earned $2.77 earnings per share. Canadian Pacific Railway’s revenue was up 6.5% compared to the same quarter last year. equities research analysts predict that Canadian Pacific Railway Limited will post 10.22 earnings per share for the current fiscal year.

Canadian Pacific Railway 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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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

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