Candriam Luxembourg S.C.A. boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 212.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,925 shares of the transportation company’s stock after purchasing an additional 92,408 shares during the period. Candriam Luxembourg S.C.A. owned about 0.13% of Kansas City Southern worth $14,302,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in Kansas City Southern during the fourth quarter valued at approximately $116,000. Howe & Rusling Inc. purchased a new position in Kansas City Southern during the third quarter valued at approximately $130,000. QS Investors LLC grew its position in Kansas City Southern by 0.5% during the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after purchasing an additional 7 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Kansas City Southern during the third quarter valued at approximately $160,000. Finally, Cetera Investment Advisers purchased a new position in Kansas City Southern during the second quarter valued at approximately $233,000. 84.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kansas City Southern (NYSE:KSU) opened at $105.42 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.70 and a quick ratio of 0.54. The stock has a market cap of $10,860.00, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.28 and a beta of 0.83. Kansas City Southern has a one year low of $81.54 and a one year high of $114.85.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.02. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The firm had revenue of $660.40 million during the quarter, compared to analysts’ expectations of $658.33 million. During the same period in the previous year, the company earned $1.21 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. equities research analysts predict that Kansas City Southern will post 6.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, March 9th. Kansas City Southern’s payout ratio is 15.62%.
In other news, COO Jeffrey M. Songer sold 3,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total value of $335,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Brian D. Hancock sold 2,325 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $113.00, for a total transaction of $262,725.00. Following the completion of the sale, the chief marketing officer now owns 19,455 shares of the company’s stock, valued at $2,198,415. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by insiders.
A number of brokerages recently commented on KSU. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Wednesday, January 24th. BMO Capital Markets reiterated a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research note on Friday, November 24th. Goldman Sachs Group assumed coverage on shares of Kansas City Southern in a research note on Monday, November 13th. They issued a “neutral” rating and a $109.00 target price for the company. Barclays lifted their target price on shares of Kansas City Southern from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group lifted their target price on shares of Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $115.47.
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About Kansas City Southern
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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