Shell Asset Management Co. reduced its position in Kansas City Southern (NYSE:KSU) by 21.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,993 shares of the transportation company’s stock after selling 1,946 shares during the period. Shell Asset Management Co.’s holdings in Kansas City Southern were worth $792,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Aurora Investment Counsel purchased a new stake in shares of Kansas City Southern in the third quarter worth about $2,008,000. Verition Fund Management LLC purchased a new stake in shares of Kansas City Southern in the second quarter worth about $1,307,000. Bank of America Corp DE lifted its position in shares of Kansas City Southern by 32.3% in the second quarter. Bank of America Corp DE now owns 1,186,541 shares of the transportation company’s stock worth $125,724,000 after buying an additional 289,457 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Kansas City Southern by 2.5% in the second quarter. OppenheimerFunds Inc. now owns 337,358 shares of the transportation company’s stock worth $35,746,000 after buying an additional 8,166 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of Kansas City Southern by 1,582.9% in the second quarter. WINTON GROUP Ltd now owns 60,199 shares of the transportation company’s stock worth $6,379,000 after buying an additional 56,622 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.
In other Kansas City Southern news, Director Henry J. Maier bought 1,000 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of $102.68 per share, with a total value of $102,680.00. Following the completion of the purchase, the director now owns 7,122 shares in the company, valued at approximately $731,286.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.
A number of research firms recently commented on KSU. BMO Capital Markets decreased their target price on Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Zacks Investment Research upgraded Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Monday, October 15th. ValuEngine upgraded Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Citigroup decreased their price objective on Kansas City Southern from $123.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Kansas City Southern has a consensus rating of “Buy” and a consensus price target of $126.64.
Shares of KSU stock opened at $100.75 on Thursday. Kansas City Southern has a 1 year low of $95.54 and a 1 year high of $120.34. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.29 and a beta of 0.83.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.57. Kansas City Southern had a return on equity of 11.98% and a net margin of 37.98%. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $708.19 million. During the same period in the prior year, the business posted $1.35 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Kansas City Southern will post 5.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 16th. Shareholders of record on Monday, December 31st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.43%. Kansas City Southern’s dividend payout ratio (DPR) is presently 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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