Fred Alger Management Inc. lowered its stake in shares of Kansas City Southern (NYSE:KSU) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,050 shares of the transportation company’s stock after selling 4,252 shares during the period. Fred Alger Management Inc.’s holdings in Kansas City Southern were worth $1,584,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of KSU. Delpha Capital Management LLC purchased a new stake in Kansas City Southern during the fourth quarter worth $102,000. Cerebellum GP LLC purchased a new stake in Kansas City Southern during the fourth quarter worth $116,000. Tower Research Capital LLC TRC lifted its holdings in Kansas City Southern by 182.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the transportation company’s stock worth $149,000 after buying an additional 914 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Kansas City Southern during the third quarter worth $160,000. Finally, Scotia Capital Inc. purchased a new stake in Kansas City Southern during the fourth quarter worth $223,000. Institutional investors own 87.98% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) opened at $109.58 on Wednesday. Kansas City Southern has a twelve month low of $81.54 and a twelve month high of $114.85. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $11,463.68, a price-to-earnings ratio of 21.27, a PEG ratio of 1.37 and a beta of 0.89.
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 issued a dividend of $0.36 per share. The ex-dividend date is Friday, March 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.31%. Kansas City Southern’s dividend payout ratio is presently 15.64%.
In related news, CMO Brian D. Hancock sold 2,325 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $113.00, for a total value of $262,725.00. Following the transaction, the chief marketing officer now directly owns 19,455 shares of the company’s stock, valued at approximately $2,198,415. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Henry J. Maier bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $104.35 per share, for a total transaction of $104,350.00. Following the completion of the transaction, the director now 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.
A number of analysts have weighed in on the company. Zacks Investment Research lowered Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley restated an “equal weight” rating and set a $102.00 target price (up previously from $97.00) on shares of Kansas City Southern in a report on Thursday, March 8th. BMO Capital Markets reiterated a “hold” rating and set a $109.00 price objective on shares of Kansas City Southern in a report on Friday, November 24th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $121.00 price objective (down previously from $126.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $115.53.
Kansas City Southern Company 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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