AMP Capital Investors Ltd reduced its stake in Kansas City Southern (NYSE:KSU) by 21.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,138 shares of the transportation company’s stock after selling 16,663 shares during the quarter. AMP Capital Investors Ltd owned about 0.06% of Kansas City Southern worth $6,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in Kansas City Southern in the second quarter valued at approximately $101,000. TRUE Private Wealth Advisors purchased a new stake in Kansas City Southern in the third quarter valued at approximately $118,000. Stratos Wealth Partners LTD. purchased a new stake in Kansas City Southern in the third quarter valued at approximately $128,000. Palo Capital Inc. purchased a new stake in Kansas City Southern in the third quarter valued at approximately $134,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Kansas City Southern by 104.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,214 shares of the transportation company’s stock valued at $138,000 after purchasing an additional 620 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.
KSU stock opened at $98.22 on Friday. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83. Kansas City Southern has a one year low of $95.54 and a one year high of $120.34. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, hitting the consensus estimate of $1.57. The firm had revenue of $699.00 million for the quarter, compared to the consensus estimate of $708.19 million. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. On average, analysts anticipate that Kansas City Southern will post 5.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Monday, December 31st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, December 28th. Kansas City Southern’s payout ratio is 27.43%.
In other news, Director Henry J. Maier bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average cost of $102.68 per share, with a total value of $102,680.00. Following the completion of the purchase, 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 at this link. 0.70% of the stock is owned by insiders.
KSU has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Cowen raised shares of Kansas City Southern from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $124.00 to $138.00 in a research note on Wednesday, August 29th. Deutsche Bank lifted their price target on shares of Kansas City Southern from $119.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, September 27th. Bank of America decreased their price target on shares of Kansas City Southern from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 1st. Finally, Raymond James lifted their price target on shares of Kansas City Southern from $128.00 to $133.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 31st. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $126.64.
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Kansas City Southern Profile
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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