Two Sigma Advisers LP lowered its holdings in shares of Kansas City Southern (NYSE:KSU) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 745,678 shares of the transportation company’s stock after selling 128,320 shares during the quarter. Two Sigma Advisers LP owned approximately 0.72% of Kansas City Southern worth $78,460,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Delpha Capital Management LLC acquired a new position in shares of Kansas City Southern during the fourth quarter valued at approximately $102,000. Cerebellum GP LLC acquired a new position in shares of Kansas City Southern during the fourth quarter valued at approximately $116,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $149,000 after acquiring an additional 914 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Kansas City Southern during the third quarter valued at approximately $160,000. Finally, Scotia Capital Inc. acquired a new position in shares of Kansas City Southern during the fourth quarter valued at approximately $223,000. Institutional investors own 87.98% of the company’s stock.
In related news, CMO Brian D. Hancock sold 2,325 shares of the stock in a transaction that occurred 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 completion of the sale, the chief marketing officer now owns 19,455 shares of the company’s stock, valued at $2,198,415. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Henry J. Maier purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $104.35 per share, with a total value of $104,350.00. Following the acquisition, the director now owns 5,159 shares of the company’s stock, valued at approximately $538,341.65. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by company insiders.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.36 by $0.02. Kansas City Southern had a return on equity of 12.07% and a net margin of 37.24%. The firm had revenue of $660.40 million during the quarter, compared to analysts’ expectations of $658.33 million. During the same quarter last year, the firm earned $1.21 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. research analysts forecast that Kansas City Southern will post 6.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Monday, March 12th will be issued a $0.36 dividend. The ex-dividend date of this dividend 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%.
A number of brokerages have commented on KSU. Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reissued 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. Credit Suisse Group reissued an “outperform” rating and set a $121.00 target price (down previously from $126.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Finally, BMO Capital Markets reissued a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a report on Friday, November 24th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus 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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