Pictet Asset Management Ltd. Has $6.31 Million Stake in Kansas City Southern (NYSE:KSU)

Pictet Asset Management Ltd. raised its position in Kansas City Southern (NYSE:KSU) by 3.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 51,804 shares of the transportation company’s stock after purchasing an additional 1,714 shares during the period. Pictet Asset Management Ltd.’s holdings in Kansas City Southern were worth $6,311,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berman Capital Advisors LLC lifted its position in shares of Kansas City Southern by 164.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 241 shares of the transportation company’s stock worth $29,000 after purchasing an additional 150 shares during the period. Thor Advisors LLC acquired a new position in shares of Kansas City Southern in the 1st quarter worth approximately $37,000. Nelson Roberts Investment Advisors LLC acquired a new position in shares of Kansas City Southern in the 1st quarter worth approximately $40,000. Van ECK Associates Corp acquired a new position in shares of Kansas City Southern in the 2nd quarter worth approximately $43,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Kansas City Southern in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

A number of brokerages have recently issued reports on KSU. Cowen set a $136.00 price target on shares of Kansas City Southern and gave the stock a “buy” rating in a research report on Friday, July 19th. Raymond James boosted their price target on shares of Kansas City Southern from $140.00 to $141.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 22nd. Cascend Securities downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Credit Suisse Group boosted their price target on shares of Kansas City Southern from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley boosted their price target on shares of 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. 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 company. The stock presently has an average rating of “Buy” and a consensus price target of $130.36.



Shares of Kansas City Southern stock traded up $0.18 during trading on Monday, reaching $133.27. 22,936 shares of the company traded hands, compared to its average volume of 801,293. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.79 and a quick ratio of 0.59. Kansas City Southern has a 1-year low of $90.55 and a 1-year high of $133.74. The company has a 50 day moving average price of $123.06 and a 200-day moving average price of $119.65. The firm has a market capitalization of $13.24 billion, a PE ratio of 22.36, a P/E/G ratio of 1.31 and a beta of 0.92.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 19th. The transportation company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.04. The business had revenue of $714.00 million during the quarter, compared to analyst estimates of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. Kansas City Southern’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 EPS. Equities research analysts expect that Kansas City Southern will post 6.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Monday, September 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. Kansas City Southern’s dividend payout ratio (DPR) is presently 24.12%.

In other Kansas City Southern news, EVP Warren K. Erdman sold 6,840 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $127.39, for a total transaction of $871,347.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Adam J. Godderz sold 1,390 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $125.13, for a total transaction of $173,930.70. Following the sale, the general counsel now owns 4,892 shares of the company’s stock, valued at approximately $612,135.96. The disclosure for this sale can be found here. Insiders have sold a total of 11,730 shares of company stock valued at $1,482,378 in the last 90 days. 0.82% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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