Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Kansas City Southern (NYSE:KSU) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,679 shares of the transportation company’s stock after selling 2,583 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kansas City Southern were worth $16,906,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. QS Investors LLC grew its position in shares of 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 purchasing an additional 7 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Kansas City Southern by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 11,135 shares of the transportation company’s stock worth $1,172,000 after purchasing an additional 461 shares in the last quarter. Norinchukin Bank The grew its position in shares of Kansas City Southern by 6.6% during the 3rd quarter. Norinchukin Bank The now owns 7,846 shares of the transportation company’s stock worth $853,000 after purchasing an additional 484 shares in the last quarter. Gofen & Glossberg LLC IL grew its position in shares of Kansas City Southern by 0.4% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 135,508 shares of the transportation company’s stock worth $14,727,000 after purchasing an additional 490 shares in the last quarter. Finally, Creative Planning grew its position in shares of Kansas City Southern by 9.0% during the 4th quarter. Creative Planning now owns 6,273 shares of the transportation company’s stock worth $660,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.
A number of research analysts have issued reports on KSU shares. Loop Capital restated a “buy” rating and set a $124.00 target price (up previously from $118.00) on shares of Kansas City Southern in a research report on Monday, October 23rd. Cowen increased their target price on shares of Kansas City Southern from $111.00 to $113.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Morgan Stanley upped their price target on shares of Kansas City Southern from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report 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 report on Monday, October 23rd. Finally, Credit Suisse Group upped their price target on shares of Kansas City Southern from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Six 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 stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.47.
Shares of Kansas City Southern (NYSE KSU) opened at $109.01 on Monday. Kansas City Southern has a twelve month low of $81.54 and a twelve month high of $114.85. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The firm has a market cap of $11,233.87, a P/E ratio of 11.84, a PEG ratio of 1.34 and a beta of 0.83.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, January 19th. The transportation company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.02. The business had revenue of $660.40 million during 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 firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. research analysts forecast that Kansas City Southern will post 6.24 earnings per share for the current year.
The business 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 payout ratio is 15.64%.
In related news, CMO Brian D. Hancock sold 2,325 shares of the stock in a transaction that occurred on 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 transaction, the chief marketing officer now owns 19,455 shares of the company’s stock, valued at approximately $2,198,415. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Henry J. Maier acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $104.35 per share, with a total value of $104,350.00. Following the purchase, the director now owns 5,159 shares in the company, valued at $538,341.65. The disclosure for this purchase can be found here. 0.95% of the stock is owned by corporate insiders.
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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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