Kirr Marbach & Co. LLC IN Has $12.45 Million Holdings in Canadian Pacific Railway Ltd (CP)

Kirr Marbach & Co. LLC IN cut its stake in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,405 shares of the transportation company’s stock after selling 449 shares during the period. Canadian Pacific Railway comprises approximately 3.0% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 12th largest position. Kirr Marbach & Co. LLC IN’s holdings in Canadian Pacific Railway were worth $12,445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Canadian Pacific Railway in the fourth quarter valued at about $293,901,000. Mackenzie Financial Corp raised its holdings in shares of Canadian Pacific Railway by 25.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,902,990 shares of the transportation company’s stock valued at $338,009,000 after buying an additional 381,373 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Canadian Pacific Railway by 534.1% in the fourth quarter. Millennium Management LLC now owns 376,884 shares of the transportation company’s stock valued at $66,942,000 after buying an additional 317,444 shares during the last quarter. Morgan Stanley raised its holdings in shares of Canadian Pacific Railway by 37.9% in the third quarter. Morgan Stanley now owns 1,001,502 shares of the transportation company’s stock valued at $212,259,000 after buying an additional 275,335 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Canadian Pacific Railway by 15.5% in the fourth quarter. CIBC Asset Management Inc now owns 1,983,724 shares of the transportation company’s stock valued at $352,088,000 after buying an additional 266,619 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CP opened at $219.69 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.24. The company has a market cap of $30.88 billion, a P/E ratio of 19.62, a PEG ratio of 1.61 and a beta of 1.17. Canadian Pacific Railway Ltd has a 1 year low of $167.48 and a 1 year high of $227.53.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.25 by $0.54. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.78 billion. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.52%. Canadian Pacific Railway’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 earnings per share. Sell-side analysts anticipate that Canadian Pacific Railway Ltd will post 12.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.6174 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, June 27th. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.49. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 17.41%.

Several brokerages have weighed in on CP. Argus upped their target price on shares of Canadian Pacific Railway from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Desjardins lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. ValuEngine lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Morgan Stanley restated a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, April 4th. Finally, Citigroup upped their target price on shares of Canadian Pacific Railway from $233.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $230.77.

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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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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