Brown Advisory Inc. grew its stake in Kansas City Southern (NYSE:KSU) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,499 shares of the transportation company’s stock after buying an additional 1,555 shares during the quarter. Brown Advisory Inc.’s holdings in Kansas City Southern were worth $1,593,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Elkfork Partners LLC purchased a new stake in Kansas City Southern in the fourth quarter worth about $3,550,000. Xact Kapitalforvaltning AB increased its position in Kansas City Southern by 10.5% in the fourth quarter. Xact Kapitalforvaltning AB now owns 13,923 shares of the transportation company’s stock worth $1,465,000 after buying an additional 1,319 shares in the last quarter. AMP Capital Investors Ltd increased its position in Kansas City Southern by 63.5% in the fourth quarter. AMP Capital Investors Ltd now owns 62,094 shares of the transportation company’s stock worth $6,533,000 after buying an additional 24,107 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Kansas City Southern by 12.9% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,970 shares of the transportation company’s stock worth $838,000 after buying an additional 910 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Kansas City Southern by 36.5% in the first quarter. Royal Bank of Canada now owns 107,560 shares of the transportation company’s stock worth $11,816,000 after buying an additional 28,774 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.
In related news, VP Suzanne M. Grafton sold 300 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $107.97, for a total transaction of $32,391.00. Following the completion of the transaction, the vice president now directly owns 10,955 shares of the company’s stock, valued at $1,182,811.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael W. Upchurch sold 2,074 shares of the stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $110.15, for a total value of $228,451.10. Following the transaction, the chief financial officer now directly owns 15,590 shares of the company’s stock, valued at $1,717,238.50. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
KSU has been the subject of a number of analyst reports. Credit Suisse Group upped their price target on Kansas City Southern from $122.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 23rd. Zacks Investment Research upgraded Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. Cowen restated a “hold” rating and issued a $116.00 price target on shares of Kansas City Southern in a research report on Monday, April 23rd. BMO Capital Markets upgraded Kansas City Southern from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research report on Monday, April 23rd. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Kansas City Southern in a research report on Friday, March 23rd. Six 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. Kansas City Southern presently has a consensus rating of “Buy” and an average target price of $118.92.
NYSE:KSU opened at $106.51 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.69 and a quick ratio of 0.49. Kansas City Southern has a 12-month low of $99.47 and a 12-month high of $114.91. The stock has a market cap of $10.93 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.33 and a beta of 0.78.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, April 20th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $638.60 million for the quarter, compared to analysts’ expectations of $639.39 million. During the same quarter in the prior year, the business posted $1.17 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts anticipate that Kansas City Southern will post 6.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 5th. Investors of record on Monday, June 11th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, June 8th. Kansas City Southern’s dividend payout ratio is currently 27.43%.
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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