Verition Fund Management LLC grew its stake in shares of Kansas City Southern (NYSE:KSU) by 245.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,938 shares of the transportation company’s stock after acquiring an additional 21,276 shares during the period. Verition Fund Management LLC’s holdings in Kansas City Southern were worth $3,150,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of 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 valued at $49,151,000 after acquiring an additional 177,706 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Kansas City Southern by 2.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 365,557 shares of the transportation company’s stock valued at $39,729,000 after acquiring an additional 9,585 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Kansas City Southern by 15.9% during the 4th quarter. Victory Capital Management Inc. now owns 42,259 shares of the transportation company’s stock valued at $4,446,000 after acquiring an additional 5,798 shares during the last quarter. Impala Asset Management LLC lifted its position in shares of 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 valued at $49,814,000 after acquiring an additional 448,865 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Kansas City Southern by 22.0% during the 3rd quarter. Macquarie Group Ltd. now owns 13,300 shares of the transportation company’s stock valued at $1,446,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors own 88.02% of the company’s stock.
NYSE KSU opened at $108.48 on Friday. Kansas City Southern has a 1-year low of $86.14 and a 1-year high of $114.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.70. The firm has a market capitalization of $11,501.81, a PE ratio of 20.66, a P/E/G ratio of 1.38 and a beta of 0.78.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.02. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The business had revenue of $660.40 million for the quarter, compared to the consensus estimate of $658.33 million. During the same period in the prior year, the business posted $1.21 earnings per share. Kansas City Southern’s revenue for the quarter was up 10.3% compared to the same quarter last year. sell-side analysts predict that Kansas City Southern will post 6.23 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, March 9th. Kansas City Southern’s dividend payout ratio (DPR) is presently 27.43%.
In other Kansas City Southern news, Director Henry J. Maier acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $104.35 per share, for a total transaction of $104,350.00. Following the completion of the acquisition, the director now owns 5,159 shares of the company’s stock, valued at approximately $538,341.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Brian D. Hancock sold 2,325 shares of the company’s stock in a transaction 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 completion of the sale, the chief marketing officer now owns 19,455 shares of the company’s stock, valued at $2,198,415. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
A number of brokerages have recently commented on KSU. Zacks Investment Research upgraded Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley boosted their target price on shares of Kansas City Southern from $102.00 to $104.00 and gave the company an “equal weight” rating in a research note on Friday. 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 research note on Thursday, March 8th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Kansas City Southern in a research note on Friday, March 23rd. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $115.67.
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Kansas City Southern Profile
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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