Quantitative Investment Management LLC cut its holdings in Kansas City Southern (NYSE:KSU) by 42.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,700 shares of the transportation company’s stock after selling 52,000 shares during the quarter. Quantitative Investment Management LLC owned approximately 0.07% of Kansas City Southern worth $7,544,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in shares of Kansas City Southern by 22.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 70,114 shares of the transportation company’s stock worth $7,378,000 after buying an additional 13,029 shares during the period. AMP Capital Investors Ltd grew its position in shares of Kansas City Southern by 63.5% in the 4th quarter. AMP Capital Investors Ltd now owns 62,094 shares of the transportation company’s stock worth $6,533,000 after buying an additional 24,107 shares during the period. Renaissance Technologies LLC grew its position in shares of Kansas City Southern by 34.0% in the 4th quarter. Renaissance Technologies LLC now owns 982,400 shares of the transportation company’s stock worth $103,368,000 after buying an additional 249,000 shares during the period. Scotia Capital Inc. purchased a new stake in shares of Kansas City Southern in the 4th quarter worth about $223,000. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Kansas City Southern by 1.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,729,659 shares of the transportation company’s stock worth $181,996,000 after buying an additional 28,159 shares during the period. 87.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CMO Brian D. Hancock sold 2,325 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $113.00, for a total value of $262,725.00. Following the transaction, the chief marketing officer now owns 19,455 shares in the company, valued at approximately $2,198,415. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry J. Maier acquired 1,000 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $104.35 per share, for a total transaction of $104,350.00. Following the purchase, the director now directly owns 5,159 shares in the company, valued at $538,341.65. The disclosure for this purchase can be found here. 0.95% of the stock is owned by corporate insiders.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.02. The firm had revenue of $660.40 million for the quarter, compared to the consensus estimate of $658.33 million. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. sell-side analysts forecast that Kansas City Southern will post 6.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, March 9th. Kansas City Southern’s dividend payout ratio (DPR) is presently 15.64%.
KSU has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Kansas City Southern in a research report on Monday, November 13th. They issued a “neutral” rating and a $109.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research report on Friday, November 24th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Tuesday, December 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $121.00 target price (down from $126.00) on shares of Kansas City Southern in a research report on Thursday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $102.00 target price (up from $97.00) on shares of Kansas City Southern in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Kansas City Southern presently has a consensus rating of “Buy” and an average target price of $115.53.
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Kansas City Southern Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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