Daiwa Securities Group Inc. lifted its holdings in shares of Kansas City Southern (NYSE:KSU) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,826 shares of the transportation company’s stock after purchasing an additional 426 shares during the period. Daiwa Securities Group Inc.’s holdings in Kansas City Southern were worth $3,691,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KSU. Norges Bank bought a new stake in shares of Kansas City Southern during the 4th quarter worth $102,073,000. Packer & Co Ltd raised its stake in shares of Kansas City Southern by 313.8% during the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the transportation company’s stock worth $31,144,000 after purchasing an additional 940,200 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Kansas City Southern by 9.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,418,608 shares of the transportation company’s stock worth $994,456,000 after purchasing an additional 882,425 shares during the period. Pennsylvania Trust Co bought a new stake in shares of Kansas City Southern during the 1st quarter worth $14,426,000. Finally, Scharf Investments LLC raised its stake in shares of Kansas City Southern by 33.9% during the 4th quarter. Scharf Investments LLC now owns 1,113,034 shares of the transportation company’s stock worth $106,239,000 after purchasing an additional 281,930 shares during the period. Institutional investors own 91.36% of the company’s stock.
In other news, VP Suzanne M. Grafton sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $123.07, for a total transaction of $123,070.00. Following the completion of the transaction, the vice president now owns 10,218 shares of the company’s stock, valued at $1,257,529.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian D. Hancock sold 4,648 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $124.77, for a total value of $579,930.96. Following the transaction, the executive vice president now directly owns 30,276 shares of the company’s stock, valued at approximately $3,777,536.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,285 shares of company stock worth $3,870,266. Company insiders own 0.82% of the company’s stock.
Shares of KSU traded down $1.20 during midday trading on Wednesday, hitting $121.72. 656,702 shares of the company traded hands, compared to its average volume of 1,116,832. Kansas City Southern has a one year low of $90.55 and a one year high of $125.92. The stock has a market cap of $12.36 billion, a PE ratio of 20.39, a P/E/G ratio of 1.37 and a beta of 0.90. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.10. Kansas City Southern had a return on equity of 12.40% and a net margin of 21.30%. The firm had revenue of $674.80 million for the quarter, compared to analysts’ expectations of $669.08 million. During the same period in the prior year, the business posted $1.30 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Analysts expect that Kansas City Southern will post 6.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Monday, June 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, June 7th. Kansas City Southern’s dividend payout ratio is presently 24.12%.
A number of brokerages recently issued reports on KSU. Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Cowen restated a “buy” rating and issued a $136.00 price objective on shares of Kansas City Southern in a research note on Wednesday, May 1st. Loop Capital boosted their price objective on Kansas City Southern to $142.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Raymond James boosted their price objective on Kansas City Southern from $135.00 to $140.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 18th. Finally, BMO Capital Markets boosted their price objective on Kansas City Southern to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $127.50.
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Kansas City Southern Company Profile
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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