Mawer Investment Management Ltd. buys $134,628,265 stake in Canadian Pacific Railway Limited (USA) (CP)

Canadian Pacific Railway Limited (USA) (CP) : Mawer Investment Management Ltd. scooped up 75,506 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 Aug 15, 2016. The investment management firm now holds a total of 912,734 shares of Canadian Pacific Railway Limited (USA) which is valued at $134,628,265.Canadian Pacific Railway Limited (USA) makes up approximately 1.93% of Mawer Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al added CP to its portfolio by purchasing 49,332 company shares during the most recent quarter which is valued at $7,276,470. Canadian Pacific Railway Limited (USA) makes up approx 0.28% of Tudor Investment Corp Et Al’s portfolio. Stevens Capital Management Lp sold out all of its stake in CP during the most recent quarter. The investment firm sold 25,617 shares of CP which is valued $3,778,508.Massachusetts Financial Services Co boosted its stake in CP in the latest quarter, The investment management firm added 383,279 additional shares and now holds a total of 1,759,991 shares of Canadian Pacific Railway Limited (USA) which is valued at $259,598,673. Canadian Pacific Railway Limited (USA) makes up approx 0.13% of Massachusetts Financial Services Co’s portfolio.Sg Americas Securities boosted its stake in CP in the latest quarter, The investment management firm added 2,209 additional shares and now holds a total of 19,958 shares of Canadian Pacific Railway Limited (USA) which is valued at $2,939,414. Canadian Pacific Railway Limited (USA) makes up approx 0.02% of Sg Americas Securities’s portfolio.Cibc World Markets boosted its stake in CP in the latest quarter, The investment management firm added 21,252 additional shares and now holds a total of 138,755 shares of Canadian Pacific Railway Limited (USA) which is valued at $20,696,696. Canadian Pacific Railway Limited (USA) makes up approx 0.09% of Cibc World Markets’s portfolio.

Canadian Pacific Railway Limited (USA) opened for trading at $153.2407 and hit $154.93 on the upside on Thursday, eventually ending the session at $153.89, with a gain of 0.51% or 0.78 points. The heightened volatility saw the trading volume jump to 6,35,482 shares. Company has a market cap of $22,741 M.

On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $2.01. The company had revenue of $1450.00 million for the quarter, compared to analysts expectations of $1461.65 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.45 EPS.

Investors should note that on Jul 11, 2016, Canadian Pacific Railway Limited (USA) announced a cash dividend of $0.5000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 24, 2016.

Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 216 from a previous price target of $203 .Canadian Pacific Railway Limited (USA) was Downgraded by Buckingham Research to ” Neutral” on Jul 21, 2016. Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 168 from a previous price target of $166 .

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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