Greenwood Capital Associates LLC boosted its stake in Kansas City Southern (NYSE:KSU) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,146 shares of the transportation company’s stock after purchasing an additional 931 shares during the period. Greenwood Capital Associates LLC’s holdings in Kansas City Southern were worth $331,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of KSU. Wells Fargo & Company MN increased its position in shares of Kansas City Southern by 0.7% during the third quarter. Wells Fargo & Company MN now owns 2,404,732 shares of the transportation company’s stock worth $261,346,000 after buying an additional 16,177 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kansas City Southern by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,413,239 shares of the transportation company’s stock worth $153,586,000 after buying an additional 62,673 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Kansas City Southern by 3.5% during the second quarter. Lord Abbett & CO. LLC now owns 679,426 shares of the transportation company’s stock worth $71,102,000 after buying an additional 23,100 shares during the period. Legal & General Group Plc increased its position in shares of Kansas City Southern by 2.3% during the third quarter. Legal & General Group Plc now owns 577,077 shares of the transportation company’s stock worth $62,716,000 after buying an additional 12,929 shares during the period. Finally, Impala Asset Management LLC increased its position in shares of Kansas City Southern by 4,730.9% during the third quarter. Impala Asset Management LLC now owns 458,353 shares of the transportation company’s stock worth $49,814,000 after buying an additional 448,865 shares during the period. 84.50% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on KSU shares. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, January 24th. Loop Capital restated a “buy” rating and issued a $124.00 price target (up from $118.00) on shares of Kansas City Southern in a report on Monday, October 23rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $109.00 price objective on shares of Kansas City Southern in a research note on Monday, October 23rd. Goldman Sachs Group assumed coverage on shares of Kansas City Southern in a research note on Monday, November 13th. They issued a “neutral” rating and a $109.00 price objective on the stock. Finally, Credit Suisse Group raised their price objective on shares of Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $115.47.
In other Kansas City Southern news, CMO Brian D. Hancock sold 2,325 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $113.00, for a total transaction of $262,725.00. Following the transaction, the chief marketing officer now owns 19,455 shares in the company, valued at approximately $2,198,415. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey M. Songer sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $111.80, for a total transaction of $335,400.00. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Kansas City Southern (KSU) traded down $1.36 during trading hours on Tuesday, reaching $104.06. 691,724 shares of the company were exchanged, compared to its average volume of 1,519,107. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.46. The company has a market cap of $10,730.00, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.28 and a beta of 0.83. Kansas City Southern has a 52 week low of $81.54 and a 52 week high of $114.85.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, January 19th. The transportation company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.02. The business had revenue of $660.40 million for the quarter, compared to the consensus estimate of $658.33 million. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. research analysts predict that Kansas City Southern will post 6.24 EPS for the current fiscal year.
The company also recently declared 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 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, March 9th. Kansas City Southern’s payout ratio is 27.59%.
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About Kansas City Southern
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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