State of Wisconsin Investment Board cut its holdings in Kansas City Southern (NYSE:KSU) by 36.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,405 shares of the transportation company’s stock after selling 75,943 shares during the quarter. State of Wisconsin Investment Board owned 0.13% of Kansas City Southern worth $14,498,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in Kansas City Southern by 243.9% in the 2nd quarter. IHT Wealth Management LLC now owns 141 shares of the transportation company’s stock valued at $675,000 after acquiring an additional 100 shares in the last quarter. Howe & Rusling Inc. bought a new position in Kansas City Southern in the 3rd quarter valued at approximately $130,000. QS Investors LLC lifted its position in Kansas City Southern by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 7 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in Kansas City Southern in the 2nd quarter valued at approximately $160,000. Finally, V Wealth Management LLC bought a new position in Kansas City Southern in the 2nd quarter valued at approximately $169,000. 85.74% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on KSU shares. UBS AG reaffirmed a “positive” rating and issued a $117.00 price objective (up from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Cowen and Company reaffirmed a “market perform” rating and issued a $104.00 price objective (up from $95.00) on shares of Kansas City Southern in a research report on Monday, July 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $105.00 price objective (up from $98.00) on shares of Kansas City Southern in a research report on Tuesday, July 25th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $118.00 price target (up from $114.00) on shares of Kansas City Southern in a report on Friday, August 18th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $113.06.
In other Kansas City Southern news, Director Antonio O. Garza sold 4,018 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the completion of the sale, the director now owns 4,920 shares in the company, valued at approximately $531,064.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary K. Stadler sold 1,973 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total value of $205,014.43. Following the completion of the sale, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The disclosure for this sale can be found here. Insiders sold a total of 16,442 shares of company stock valued at $1,727,525 in the last quarter. 0.95% of the stock is currently owned by company insiders.
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Shares of Kansas City Southern (NYSE KSU) opened at $105.12 on Tuesday. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $10,851.32, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The business had revenue of $653.00 million during the quarter, compared to analyst estimates of $651.95 million. During the same quarter in the prior year, the business posted $1.12 EPS. Kansas City Southern’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities analysts expect that Kansas City Southern will post 5.21 earnings per share for the current fiscal year.
Kansas City Southern announced that its Board of Directors has initiated a share buyback program on Tuesday, August 15th that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.37%. Kansas City Southern’s payout ratio is presently 28.29%.
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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