The Vanguard Group Inc. Increases Stake in Canadian Pacific Railway Limited (CP)

Saturday, 16 Dec, 2017

The institutional investor held 42,575 shares of the railroads company at the end of 2017Q2, valued at $3.45M, down from 53,452 at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Canadian National Railway for a number of months, seems to be less bullish one the $60.97 billion market cap company. The stock decreased 0.86% or $1.55 during the last trading session, reaching $178.68. About 639,325 shares traded or 9.46% up from the average. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since December 14, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.

Mick Hellman increased its stake in Blackstone Group LP (BX) by 0.79% based on its latest 2017Q2 regulatory filing with the SEC. Parametric Portfolio Associates LLC now owns 274,132 shares of the transportation company's stock valued at $22,712,000 after buying an additional 28,196 shares during the period. The Scharf Investments Llc holds 1,875 shares with $302,000 value, down from 186,849 last quarter. The stock increased 1.11% or $0.81 during the last trading session, reaching $74.05. About 237,889 shares traded. Triangle Capital Corporation (TCAP) has risen 2.36% since December 15, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Therefore 40% are positive.

Equities researchers at National Bank Financial reduced their FY2017 EPS estimates for Canadian National Railway in a research report issued on Tuesday. The firm has "Hold" rating given on Tuesday, October 13 by Canaccord Genuity. The firm has "Buy" rating by Cowen & Co given on Friday, September 22. Desjardins Securities downgraded Canadian Pacific Railway Limited (NYSE:CP) on Thursday, April 21 to "Hold" rating. The stock of Canadian Pacific Railway Limited (NYSE:CP) has "Outperform" rating given on Wednesday, October 21 by Cowen & Co. Cetera Investment Advisers grew its stake in shares of Canadian National Railway by 18.4% in the third quarter. Loop Capital cut their price objective on shares of Canadian Pacific Railway Limited from $157.00 to $119.00 in a report on Monday, April 24th. Credit Suisse maintained the shares of CNI in report on Friday, February 19 with "Neutral" rating. CIBC lifted their price objective on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a research note on Tuesday, September 26th.

COPYRIGHT VIOLATION NOTICE: "Canadian National Railway (CNI) Forecasted to Post FY2017 Earnings of $3.92 Per Share" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. National Bank Financial also issued estimates for Canadian National Railway's Q4 2017 earnings at $0.95 EPS, Q1 2018 earnings at $0.97 EPS, Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.09 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $4.27 EPS and FY2019 earnings at $4.64 EPS. T_CP's profit would be $469.70M giving it 17.75 P/E if the $3.24 EPS is correct. Its up 0.08, from 0.82 in 2017Q1. 92 funds opened positions while 359 raised stakes. 283.35 million shares or 0.22% more from 282.74 million shares in 2017Q1 were reported.

Ares Management Llc holds 17.43% of its portfolio in Triangle Capital Corporation for 405,456 shares. Livforsakringsbolaget Skandia Omsesidigt owns 8,204 shares or 0.02% of their U.S. portfolio. Duff Phelps Invest holds 10,050 shares. 686,812 were reported by Lazard Asset Mngmt Lc. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.49. Ubs Asset Mgmt Americas reported 2.48 million shares. The institutional investor owned 600,603 shares of the transportation company's stock after selling 13,771 shares during the period. Gamco Invsts Et Al owns 0.01% invested in Noble Energy, Inc. South State owns 29,214 shares or 0.28% of their U.S. portfolio.

Hmi Capital Llc, which manages about $266.04 million and $636.10 million US Long portfolio, decreased its stake in Tableau Software Inc (NYSE:DATA) by 338,100 shares to 1.41 million shares, valued at $86.65 million in 2017Q2, according to the filing.

Since December 11, 2017, it had 0 insider buys, and 1 sale for $5.40 million activity. MOISON FRANCK J had sold 35,000 shares worth $2.50M on Friday, August 4. Therefore 83% are positive.

A number of brokerages have recently issued reports on CNI. Zacks upgraded the stock to "Hold" rating in Friday, September 4 report. The firm earned "Outperform" rating on Wednesday, October 26 by Cowen & Co. The rating was upgraded by TD Securities on Tuesday, September 8 to "Buy". As per Monday, August 7, the company rating was maintained by Barclays Capital. The company presently has a consensus rating of "Hold" and a consensus price target of $79.67. The rating was maintained by Deutsche Bank on Tuesday, March 29 with "Buy".