Caisse DE Depot ET Placement DU Quebec Grows Stake in Kansas City Southern (KSU)

Caisse DE Depot ET Placement DU Quebec grew its holdings in Kansas City Southern (NYSE:KSU) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,361 shares of the transportation company’s stock after purchasing an additional 7,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Kansas City Southern worth $7,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. QS Investors LLC lifted its stake in shares of Kansas City Southern by 0.5% during the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after buying an additional 7 shares during the period. Savant Capital LLC lifted its stake in shares of Kansas City Southern by 0.4% during the second quarter. Savant Capital LLC now owns 3,214 shares of the transportation company’s stock valued at $336,000 after buying an additional 13 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Kansas City Southern by 1.2% during the second quarter. Moors & Cabot Inc. now owns 4,277 shares of the transportation company’s stock valued at $447,000 after buying an additional 51 shares during the period. Financial Counselors Inc. lifted its stake in shares of Kansas City Southern by 0.4% during the second quarter. Financial Counselors Inc. now owns 12,230 shares of the transportation company’s stock valued at $1,280,000 after buying an additional 54 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Kansas City Southern by 0.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,975 shares of the transportation company’s stock valued at $835,000 after buying an additional 64 shares during the period. 83.62% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on KSU shares. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Thursday, August 24th. Cowen reaffirmed a “hold” rating on shares of Kansas City Southern in a research note on Friday, August 25th. Loop Capital reaffirmed a “buy” rating and set a $124.00 price target (up previously from $118.00) on shares of Kansas City Southern in a research note on Monday, October 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $109.00 price target on shares of Kansas City Southern in a research note on Monday, October 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price target on shares of Kansas City Southern in a research note on Thursday, September 21st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $113.06.

In other news, COO Jeffrey M. Songer sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total value of $335,400.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Mary K. Stadler sold 1,973 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total transaction of $205,014.43. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares in the company, valued at approximately $634,058.82. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.

Kansas City Southern (NYSE KSU) opened at $111.74 on Friday. Kansas City Southern has a one year low of $79.05 and a one year high of $114.85. 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 company has a market cap of $11,554.38, a price-to-earnings ratio of 22.45, a PEG ratio of 1.65 and a beta of 0.86.

Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $651.95 million. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts forecast that Kansas City Southern will post 5.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s dividend payout ratio is presently 28.29%.

Kansas City Southern announced that its board has authorized a share buyback plan on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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