Ladenburg Thalmann Financial Services Inc. increased its stake in Kansas City Southern (NYSE:KSU) by 39.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,367 shares of the transportation company’s stock after purchasing an additional 1,814 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Kansas City Southern were worth $695,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Delpha Capital Management LLC bought a new stake in Kansas City Southern during the 4th quarter valued at $102,000. Centaurus Financial Inc. bought a new stake in Kansas City Southern during the 1st quarter valued at $145,000. Dupont Capital Management Corp raised its stake in Kansas City Southern by 404.7% during the 1st quarter. Dupont Capital Management Corp now owns 1,842 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 1,477 shares in the last quarter. Jump Trading LLC bought a new stake in Kansas City Southern during the 4th quarter valued at $214,000. Finally, Scotia Capital Inc. bought a new stake in Kansas City Southern during the 4th quarter valued at $223,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Suzanne M. Grafton sold 300 shares of Kansas City Southern stock in a transaction on Friday, May 4th. The stock was sold at an average price of $107.97, for a total value of $32,391.00. Following the transaction, the vice president now directly owns 10,955 shares in the company, valued at approximately $1,182,811.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael W. Upchurch sold 2,074 shares of Kansas City Southern stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $110.15, for a total value of $228,451.10. Following the completion of the transaction, the chief financial officer now owns 15,590 shares in the company, valued at $1,717,238.50. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.
KSU opened at $105.08 on Wednesday. Kansas City Southern has a one year low of $99.47 and a one year high of $114.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.69. The firm has a market capitalization of $10.87 billion, a PE ratio of 20.01, a PEG ratio of 1.32 and a beta of 0.78.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, April 20th. The transportation company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.05). Kansas City Southern had a return on equity of 11.98% and a net margin of 36.75%. The firm had revenue of $638.60 million during the quarter, compared to the consensus estimate of $639.39 million. During the same period in the prior year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. research analysts forecast that Kansas City Southern will post 6.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Monday, June 11th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, June 8th. Kansas City Southern’s dividend payout ratio is presently 27.43%.
Several analysts have weighed in on the company. Zacks Investment Research raised Kansas City Southern from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their target price on Kansas City Southern from $102.00 to $104.00 and gave the company an “equal weight” rating in a research note on Friday, April 6th. Stifel Nicolaus assumed coverage on Kansas City Southern in a research note on Thursday, May 24th. They set a “buy” rating and a $130.00 target price on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $121.00 target price (down previously from $126.00) on shares of Kansas City Southern in a research note on Thursday, March 8th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Kansas City Southern in a research note on Friday, March 23rd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kansas City Southern presently has an average rating of “Buy” and an average target price of $118.92.
About Kansas City Southern
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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