Franklin Resources Inc. lifted its position in shares of Kansas City Southern (NYSE:KSU) by 0.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 753,410 shares of the transportation company’s stock after buying an additional 740 shares during the period. Franklin Resources Inc. owned 0.74% of Kansas City Southern worth $85,347,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in KSU. Assetmark Inc. acquired a new position in Kansas City Southern during the second quarter worth approximately $101,000. TRUE Private Wealth Advisors acquired a new position in Kansas City Southern during the third quarter worth approximately $118,000. Stratos Wealth Partners LTD. acquired a new position in Kansas City Southern during the third quarter worth approximately $128,000. Palo Capital Inc. acquired a new position in Kansas City Southern during the third quarter worth approximately $134,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Kansas City Southern by 104.4% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,214 shares of the transportation company’s stock worth $138,000 after purchasing an additional 620 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.
In other Kansas City Southern news, Director Henry J. Maier acquired 1,000 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was bought at an average price of $102.68 per share, with a total value of $102,680.00. Following the completion of the transaction, the director now directly owns 7,122 shares of the company’s stock, valued at $731,286.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.
Several equities analysts recently commented on the stock. BMO Capital Markets dropped their price target on shares of Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Zacks Investment Research raised shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, October 15th. ValuEngine raised shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Citigroup dropped their price target on shares of Kansas City Southern from $123.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $126.64.
Kansas City Southern stock opened at $100.75 on Thursday. Kansas City Southern has a 52-week low of $95.54 and a 52-week high of $120.34. The firm has a market capitalization of $10.25 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.57. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The company had revenue of $699.00 million during the quarter, compared to analyst estimates of $708.19 million. During the same quarter in the prior year, the business earned $1.35 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Kansas City Southern will post 5.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Monday, December 31st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, December 28th. Kansas City Southern’s payout ratio is currently 27.43%.
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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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