AMP Capital Investors Ltd lowered its stake in Kansas City Southern (NYSE:KSU) by 21.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 60,138 shares of the transportation company’s stock after selling 16,663 shares during the quarter. AMP Capital Investors Ltd’s holdings in Kansas City Southern were worth $6,887,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in KSU. Assetmark Inc. bought a new stake in shares of Kansas City Southern during the 2nd quarter valued at $101,000. TRUE Private Wealth Advisors bought a new stake in shares of Kansas City Southern during the 3rd quarter valued at $118,000. Stratos Wealth Partners LTD. bought a new stake in shares of Kansas City Southern during the 3rd quarter valued at $128,000. Palo Capital Inc. bought a new stake in shares of Kansas City Southern during the 3rd quarter valued at $134,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Kansas City Southern by 104.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,214 shares of the transportation company’s stock valued at $138,000 after buying an additional 620 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
A number of analysts have recently commented on the stock. BMO Capital Markets dropped their target price on shares of Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Zacks Investment Research upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a report on Wednesday. Deutsche Bank upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Monday, October 15th. ValuEngine upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Citigroup dropped their target price on shares of Kansas City Southern from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Kansas City Southern has an average rating of “Buy” and an average target price of $126.64.
In other news, Director Henry J. Maier purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $102.68 per share, for a total transaction of $102,680.00. Following the purchase, the director now directly owns 7,122 shares in the company, valued at approximately $731,286.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.
Shares of Kansas City Southern stock opened at $98.22 on Friday. The stock has a market capitalization of $10.25 billion, a P/E ratio of 18.71, a PEG ratio of 1.29 and a beta of 0.83. 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.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.57. The company had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $708.19 million. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. Kansas City Southern’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. As a group, analysts expect that Kansas City Southern will post 5.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Monday, December 31st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, December 28th. Kansas City Southern’s payout ratio is 27.43%.
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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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