Ossiam bought a new stake in shares of Kansas City Southern (NYSE:KSU) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,474 shares of the transportation company’s stock, valued at approximately $545,000.
Several other institutional investors have also made changes to their positions in the stock. Berman Capital Advisors LLC boosted its stake in shares of Kansas City Southern by 164.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 241 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 150 shares in the last quarter. Thor Advisors LLC purchased a new stake in Kansas City Southern in the first quarter worth about $37,000. Nelson Roberts Investment Advisors LLC bought a new stake in Kansas City Southern during the 1st quarter valued at approximately $40,000. Van ECK Associates Corp bought a new stake in Kansas City Southern during the 2nd quarter valued at approximately $43,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Kansas City Southern during the 2nd quarter worth approximately $46,000. Institutional investors own 87.12% of the company’s stock.
Several brokerages have recently issued reports on KSU. Morgan Stanley increased their target price on Kansas City Southern from $111.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Cowen set a $136.00 price target on Kansas City Southern and gave the company a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Raymond James increased their price objective on Kansas City Southern from $140.00 to $141.00 and gave the stock a “strong-buy” rating in a report on Monday, July 22nd. Finally, Cascend Securities downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $130.36.
Shares of Kansas City Southern stock traded down $1.16 during midday trading on Wednesday, hitting $131.93. The company had a trading volume of 48,027 shares, compared to its average volume of 755,544. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.59 and a current ratio of 0.79. The stock has a market capitalization of $13.17 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.30 and a beta of 0.92. The company has a 50 day moving average of $122.73 and a 200 day moving average of $119.44. Kansas City Southern has a 52-week low of $90.55 and a 52-week high of $133.39.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 19th. The transportation company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.04. The company had revenue of $714.00 million during the quarter, compared to analyst estimates of $704.55 million. Kansas City Southern had a return on equity of 12.45% and a net margin of 20.35%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. Equities research analysts forecast that Kansas City Southern will post 6.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Monday, September 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.09%. Kansas City Southern’s dividend payout ratio is currently 24.12%.
In other news, EVP Warren K. Erdman sold 6,840 shares of Kansas City Southern stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $127.39, for a total value of $871,347.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lu M. Cordova sold 1,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $124.50, for a total transaction of $124,500.00. Following the completion of the transaction, the director now owns 1,032 shares in the company, valued at approximately $128,484. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,730 shares of company stock worth $1,482,378. Insiders own 0.82% of the company’s stock.
About Kansas City Southern
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company 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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