Canadian Pacific Railway Limited (CP) Position Raised by Marshall Wace North America L.P.

Marshall Wace North America L.P. increased its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 443.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,515 shares of the transportation company’s stock after purchasing an additional 67,340 shares during the quarter. Marshall Wace North America L.P. owned approximately 0.06% of Canadian Pacific Railway worth $17,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CP. Egerton Capital UK LLP increased its position in shares of Canadian Pacific Railway by 24.4% during the 2nd quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock worth $511,139,000 after purchasing an additional 548,467 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Canadian Pacific Railway by 79.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,034,315 shares of the transportation company’s stock worth $187,564,000 after purchasing an additional 457,885 shares in the last quarter. WCM Investment Management CA increased its position in shares of Canadian Pacific Railway by 8.0% during the 3rd quarter. WCM Investment Management CA now owns 4,693,885 shares of the transportation company’s stock worth $994,823,000 after purchasing an additional 348,114 shares in the last quarter. Morgan Stanley increased its position in shares of Canadian Pacific Railway by 37.9% during the 3rd quarter. Morgan Stanley now owns 1,001,502 shares of the transportation company’s stock worth $212,259,000 after purchasing an additional 275,335 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Canadian Pacific Railway by 16.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,358,353 shares of the transportation company’s stock worth $287,129,000 after purchasing an additional 190,245 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Several research firms have weighed in on CP. Zacks Investment Research cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Wednesday. Raymond James restated a “buy” rating on shares of Canadian Pacific Railway in a research report on Monday, December 3rd. ValuEngine cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Cowen restated a “buy” rating and issued a $236.00 price objective on shares of Canadian Pacific Railway in a research report on Friday, October 19th. Finally, Stifel Nicolaus raised their price objective on shares of Canadian Pacific Railway from $207.00 to $247.00 and gave the company a “hold” rating in a research report on Sunday, October 7th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $237.15.

Shares of NYSE CP opened at $189.28 on Friday. The stock has a market capitalization of $27.90 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.58 and a current ratio of 0.68. Canadian Pacific Railway Limited has a 1 year low of $166.36 and a 1 year high of $224.19.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.96. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Canadian Pacific Railway had a net margin of 34.07% and a return on equity of 28.71%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.90 EPS. Analysts expect that Canadian Pacific Railway Limited will post 10.82 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Canadian Pacific Railway Limited (CP) Position Raised by Marshall Wace North America L.P.” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/12/08/canadian-pacific-railway-limited-cp-position-raised-by-marshall-wace-north-america-l-p.html.

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.

Further Reading: What is a Roth IRA?

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.

Leave a Reply