Hansberger Growth Investors Lp buys $9.1 Million stake in Canadian Pacific Railway Limited (USA) (CP)

Canadian Pacific Railway Limited (USA) (CP) : Hansberger Growth Investors Lp scooped up 1,750 additional shares in Canadian Pacific Railway Limited (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 68,191 shares of Canadian Pacific Railway Limited (USA) which is valued at $9.1 Million.Canadian Pacific Railway Limited (USA) makes up approximately 6.30% of Hansberger Growth Investors Lp’s portfolio.

Other Hedge Funds, Including , Greystone Managed Investments reduced its stake in CP by selling 83,984 shares or 11.09% in the most recent quarter. The Hedge Fund company now holds 673,095 shares of CP which is valued at $89.9 Million. Canadian Pacific Railway Limited (USA) makes up approx 3.39% of Greystone Managed Investments’s portfolio.Estabrook Capital Management reduced its stake in CP by selling 810 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 36,910 shares of CP which is valued at $4.9 Million. Canadian Pacific Railway Limited (USA) makes up approx 0.74% of Estabrook Capital Management’s portfolio.Dubuque Bank Trust Co reduced its stake in CP by selling 19 shares or 26.39% in the most recent quarter. The Hedge Fund company now holds 53 shares of CP which is valued at $7,357.Commonwealth Equity Services Inc boosted its stake in CP in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 2,790 shares of Canadian Pacific Railway Limited (USA) which is valued at $402,458.

Canadian Pacific Railway Limited (USA) opened for trading at $129.11 and hit $130.29 on the upside on Friday, eventually ending the session at $129.13, with a gain of 0.69% or 0.89 points. The heightened volatility saw the trading volume jump to 11,15,166 shares. Company has a market cap of $19,765 M.

On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $2.40. The company had revenue of $1591.00 million for the quarter, compared to analysts expectations of $1612.87 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.26 EPS.

Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Canadian Pacific Railway Limited (USA) was Initiated by Credit Agricole to “Underperform” on May 19, 2016. Canadian Pacific Railway Limited (USA) was Resumed by JP Morgan to “Neutral” on Apr 25, 2016. Company shares were Reiterated by Cowen on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 162 from a previous price target of $142 .

Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13700 miles serving the principal business centers of Canada from Montreal Quebec to Vancouver British Columbia (B.C.) and the United States Northeast and Midwest regions. The Company transports bulk commodities merchandise freight and intermodal traffic. Bulk commodities include Canadian grain U.S. grain coal potash and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts chemicals and plastics crude oil forest products and metals minerals and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train ship and truck and in domestic containers and trailers that can be moved by train and truck.

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