Gotham Asset Management LLC Has $14.04 Million Position in Canadian Pacific Railway Limited (CP)
Gotham Asset Management LLC lifted its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,837 shares of the transportation company’s stock after acquiring an additional 12,611 shares during the period. Gotham Asset Management LLC owned approximately 0.05% of Canadian Pacific Railway worth $14,043,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Cerebellum GP LLC acquired a new stake in Canadian Pacific Railway during the 4th quarter worth approximately $133,000. SeaCrest Wealth Management LLC acquired a new stake in Canadian Pacific Railway during the 4th quarter worth approximately $180,000. Jones Collombin Investment Counsel Inc raised its holdings in Canadian Pacific Railway by 46.7% during the 4th quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation company’s stock worth $185,000 after buying an additional 322 shares during the period. Financial Gravity Companies Inc. acquired a new stake in Canadian Pacific Railway during the 4th quarter worth approximately $192,000. Finally, Raymond James Trust N.A. acquired a new stake in Canadian Pacific Railway during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 68.59% of the company’s stock.
Several brokerages have commented on CP. Credit Suisse Group restated an “outperform” rating and set a $200.00 target price (down from $209.00) on shares of Canadian Pacific Railway in a report on Thursday, March 8th. Cowen restated an “outperform” rating and set a $209.00 target price (up from $207.00) on shares of Canadian Pacific Railway in a report on Wednesday, February 28th. Finally, Goldman Sachs upgraded shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $176.72 to $213.00 in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $194.13.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.03). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Canadian Pacific Railway had a return on equity of 29.96% and a net margin of 36.88%. equities research analysts predict that Canadian Pacific Railway Limited will post 10.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.4473 per share. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $1.79 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 22nd. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 14.33%.
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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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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