E Fund Management Co. Ltd. purchased a new stake in shares of Kansas City Southern (NYSE:KSU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 159 shares of the transportation company’s stock, valued at approximately $42,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Vantage Consulting Group Inc bought a new stake in Kansas City Southern during the fourth quarter valued at about $31,000. TRU Independence Asset Management 2 LLC bought a new stake in shares of Kansas City Southern in the fourth quarter valued at about $35,000. Encompass Wealth Advisors LLC bought a new stake in shares of Kansas City Southern in the fourth quarter valued at about $35,000. Sage Private Wealth Group LLC bought a new stake in shares of Kansas City Southern in the fourth quarter valued at about $38,000. Finally, Annapolis Financial Services LLC bought a new stake in shares of Kansas City Southern in the fourth quarter valued at about $41,000. Institutional investors own 85.15% of the company’s stock.
Shares of NYSE:KSU opened at $294.03 on Friday. Kansas City Southern has a 12 month low of $140.01 and a 12 month high of $315.39. The company has a current ratio of 1.50, a quick ratio of 1.23 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average is $289.36. The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of 44.22 and a beta of 1.09.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 7th. Shareholders of record on Monday, June 14th will be paid a $0.54 dividend. The ex-dividend date is Friday, June 11th. This represents a $2.16 annualized dividend and a yield of 0.73%. Kansas City Southern’s payout ratio is currently 31.03%.
KSU has been the subject of several research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $275.00 target price on shares of Kansas City Southern in a research note on Wednesday, April 21st. Vertical Research started coverage on shares of Kansas City Southern in a research report on Friday, March 26th. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised shares of Kansas City Southern from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $231.00 to $275.00 in a report on Monday, March 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kansas City Southern from $212.00 to $300.00 and gave the company a “hold” rating in a report on Monday, April 26th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $286.00 price objective (up from $255.00) on shares of Kansas City Southern in a research note on Monday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Kansas City Southern has a consensus rating of “Buy” and an average target price of $242.07.
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.
Read More: What is a SEC Filing?
Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).
Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.