Verition Fund Management LLC increased its holdings in shares of Kansas City Southern (NYSE:KSU) by 245.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,938 shares of the transportation company’s stock after acquiring an additional 21,276 shares during the quarter. Verition Fund Management LLC’s holdings in Kansas City Southern were worth $3,150,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Delpha Capital Management LLC acquired a new position in shares of Kansas City Southern during the 4th quarter worth approximately $102,000. Cerebellum GP LLC acquired a new position in shares of Kansas City Southern during the 4th quarter worth approximately $116,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 acquiring an additional 914 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Kansas City Southern during the 3rd quarter worth approximately $160,000. Finally, Scotia Capital Inc. acquired a new position in shares of Kansas City Southern during the 4th quarter worth approximately $223,000. 87.98% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on KSU. Zacks Investment Research lowered Kansas City Southern from a “buy” rating to a “hold” rating in a report on Monday, March 5th. BMO Capital Markets reissued a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a report on Friday, November 24th. Credit Suisse Group reissued an “outperform” rating and set a $121.00 target price (down from $126.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $102.00 target price (up from $97.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $115.53.
In related news, CMO Brian D. Hancock sold 2,325 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was 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 approximately $2,198,415. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry J. Maier purchased 1,000 shares of Kansas City Southern stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $104.35 per share, with a total value of $104,350.00. Following the completion of the purchase, the director now directly owns 5,159 shares in the company, valued at $538,341.65. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.
Shares of Kansas City Southern (KSU) opened at $106.69 on Thursday. The stock has a market capitalization of $11,292.61, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.35 and a beta of 0.89. Kansas City Southern has a one year low of $81.54 and a one year high of $114.85. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.46.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share (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 return on equity of 12.07% and a net margin of 37.24%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. equities analysts predict that Kansas City Southern will post 6.23 earnings per share 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. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.44 annualized dividend and a yield of 1.35%. Kansas City Southern’s dividend payout ratio (DPR) is presently 15.64%.
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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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