Mariner Wealth Advisors LLC decreased its position in shares of Kansas City Southern (NYSE:KSU) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,277 shares of the transportation company’s stock after selling 1,314 shares during the period. Mariner Wealth Advisors LLC’s holdings in Kansas City Southern were worth $3,396,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of KSU. Cerebellum GP LLC bought a new position in Kansas City Southern during the 4th quarter worth $116,000. QS Investors LLC increased its position in Kansas City Southern by 0.5% during the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares during the period. Tower Research Capital LLC TRC increased its position in Kansas City Southern by 182.8% during the 4th 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 bought a new position in Kansas City Southern during the 3rd quarter worth $160,000. Finally, Cetera Investment Advisers bought a new position in Kansas City Southern during the 2nd quarter worth $233,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.
KSU has been the topic of several recent research reports. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Wednesday, January 24th. Loop Capital reiterated a “buy” rating and set a $124.00 price objective (up previously from $118.00) on shares of Kansas City Southern in a research report on Monday, October 23rd. BMO Capital Markets reiterated a “hold” rating and set a $109.00 price objective on shares of Kansas City Southern in a research report on Monday, October 23rd. Goldman Sachs Group assumed coverage on Kansas City Southern in a research report on Monday, November 13th. They issued a “neutral” rating and a $109.00 price target on the stock. Finally, Credit Suisse Group raised their price target on Kansas City Southern from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $115.47.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.02. The company had revenue of $660.40 million for the quarter, compared to analysts’ expectations of $658.33 million. Kansas City Southern had a return on equity of 12.07% and a net margin of 37.24%. Kansas City Southern’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. analysts expect that Kansas City Southern will post 6.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Monday, March 12th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, March 9th. Kansas City Southern’s dividend payout ratio (DPR) is presently 15.64%.
In related news, COO Jeffrey M. Songer sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $111.80, for a total value of $335,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Brian D. Hancock sold 2,325 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were 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 directly owns 19,455 shares in the company, valued at $2,198,415. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.
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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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