BlackRock Inc. boosted its position in Kansas City Southern (NYSE:KSU) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,879,928 shares of the transportation company’s stock after purchasing an additional 40,533 shares during the period. BlackRock Inc. owned 6.76% of Kansas City Southern worth $779,358,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of KSU. Cim Investment Mangement Inc. bought a new stake in shares of Kansas City Southern in the 3rd quarter valued at about $572,000. Fosun International Ltd bought a new stake in shares of Kansas City Southern in the 3rd quarter valued at about $206,000. AXA grew its position in shares of Kansas City Southern by 18.8% in the 3rd quarter. AXA now owns 453,041 shares of the transportation company’s stock valued at $51,320,000 after buying an additional 71,600 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Kansas City Southern by 40.8% in the 3rd quarter. Alliancebernstein L.P. now owns 602,239 shares of the transportation company’s stock valued at $68,222,000 after buying an additional 174,554 shares during the last quarter. Finally, Factorial Partners LLC grew its position in shares of Kansas City Southern by 58.0% in the 3rd quarter. Factorial Partners LLC now owns 15,800 shares of the transportation company’s stock valued at $1,790,000 after buying an additional 5,800 shares during the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.
In other Kansas City Southern news, Director Henry J. Maier bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $102.68 per share, for a total transaction of $102,680.00. Following the transaction, the director now directly owns 7,122 shares in the company, valued at $731,286.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.
Shares of Kansas City Southern stock opened at $103.05 on Monday. Kansas City Southern has a one year low of $95.54 and a one year high of $120.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.32. The stock has a market cap of $10.48 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.32 and a beta of 0.82.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, meeting the consensus estimate of $1.57. Kansas City Southern had a return on equity of 11.98% and a net margin of 37.98%. The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $708.19 million. During the same quarter in the prior year, the company earned $1.35 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts expect that Kansas City Southern will post 5.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Monday, December 31st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.40%. Kansas City Southern’s payout ratio is 27.43%.
A number of equities research analysts have commented on the company. BMO Capital Markets reduced their price target on Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Deutsche Bank upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Monday, October 15th. Zacks Investment Research lowered Kansas City Southern from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. ValuEngine upgraded Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Citigroup reduced their price target on Kansas City Southern from $123.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $126.64.
About Kansas City Southern
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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