Financial Architects Inc decreased its stake in Kansas City Southern (NYSE:KSU) by 34.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190 shares of the transportation company’s stock after selling 100 shares during the quarter. Financial Architects Inc’s holdings in Kansas City Southern were worth $25,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in KSU. Boston Partners boosted its stake in Kansas City Southern by 98.9% in the 2nd quarter. Boston Partners now owns 5,008,266 shares of the transportation company’s stock valued at $610,100,000 after buying an additional 2,490,256 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Kansas City Southern by 2,195.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 646,555 shares of the transportation company’s stock valued at $78,763,000 after buying an additional 618,384 shares in the last quarter. Invesco Ltd. boosted its stake in Kansas City Southern by 63.8% in the 2nd quarter. Invesco Ltd. now owns 1,124,111 shares of the transportation company’s stock valued at $136,938,000 after buying an additional 437,666 shares in the last quarter. Packer & Co Ltd boosted its stake in Kansas City Southern by 132.9% in the 2nd quarter. Packer & Co Ltd now owns 759,998 shares of the transportation company’s stock valued at $39,749,000 after buying an additional 433,708 shares in the last quarter. Finally, Scout Investments Inc. acquired a new stake in Kansas City Southern in the 3rd quarter valued at $41,500,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.
KSU has been the topic of several recent analyst reports. Citigroup boosted their price target on Kansas City Southern from $144.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Raymond James boosted their price target on Kansas City Southern from $151.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Monday, October 21st. Deutsche Bank reissued a “buy” rating and issued a $165.00 price objective on shares of Kansas City Southern in a research note on Monday, October 21st. They noted that the move was a valuation call. Cowen boosted their price objective on Kansas City Southern from $136.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Barclays set a $140.00 price objective on Kansas City Southern and gave the stock a “hold” rating in a research note on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $141.59.
Kansas City Southern stock opened at $153.54 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.58 and a current ratio of 0.78. The firm has a market cap of $15.20 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.47 and a beta of 0.95. The business’s fifty day moving average is $140.29 and its two-hundred day moving average is $126.78. Kansas City Southern has a 52 week low of $90.55 and a 52 week high of $156.98.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, October 18th. The transportation company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.15. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $734.39 million. Kansas City Southern had a return on equity of 13.03% and a net margin of 20.23%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. On average, equities research analysts predict that Kansas City Southern will post 6.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.36. Kansas City Southern’s payout ratio is presently 24.12%.
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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