The Manufacturers Life Insurance Company boosted its holdings in shares of Kansas City Southern (NYSE:KSU) by 171.1% in the 4th quarter, Holdings Channel reports. The fund owned 320,333 shares of the transportation company’s stock after buying an additional 202,191 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Kansas City Southern were worth $33,705,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of KSU. Wells Fargo & Company MN grew its stake in shares of Kansas City Southern by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,454,985 shares of the transportation company’s stock valued at $258,314,000 after buying an additional 50,253 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kansas City Southern by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,413,239 shares of the transportation company’s stock valued at $153,586,000 after buying an additional 62,673 shares in the last quarter. Legal & General Group Plc grew its stake in Kansas City Southern by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 577,077 shares of the transportation company’s stock worth $62,716,000 after purchasing an additional 12,929 shares in the last quarter. Impala Asset Management LLC grew its stake in Kansas City Southern by 4,730.9% during the 3rd quarter. Impala Asset Management LLC now owns 458,353 shares of the transportation company’s stock worth $49,814,000 after purchasing an additional 448,865 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Kansas City Southern by 64.7% during the 3rd quarter. Janus Henderson Group PLC now owns 452,260 shares of the transportation company’s stock worth $49,151,000 after purchasing an additional 177,706 shares in the last quarter. 83.75% of the stock is owned by institutional investors.
Shares of Kansas City Southern (NYSE:KSU) opened at $107.99 on Thursday. Kansas City Southern has a fifty-two week low of $81.54 and a fifty-two week high of $114.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.70 and a quick ratio of 0.54. The firm has a market capitalization of $11,062.80, a PE ratio of 11.73, a PEG ratio of 1.32 and a beta of 0.83.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.02. Kansas City Southern had a return on equity of 12.07% and a net margin of 37.24%. The business had revenue of $660.40 million during the quarter, compared to the consensus estimate of $658.33 million. During the same period in the previous year, the business earned $1.21 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. analysts anticipate that Kansas City Southern will post 6.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Monday, March 12th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, March 9th. Kansas City Southern’s dividend payout ratio (DPR) is presently 15.64%.
In other Kansas City Southern news, CMO Brian D. Hancock sold 2,325 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey M. Songer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $111.80, for a total value of $335,400.00. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Several research analysts recently commented on the company. BMO Capital Markets reissued a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a research note on Friday, November 24th. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, January 24th. Finally, Goldman Sachs Group assumed coverage on Kansas City Southern in a research note on Monday, November 13th. They set a “neutral” rating and a $109.00 target price for the company. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $115.47.
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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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