5,073 Shares in Kansas City Southern (KSU) Acquired by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC bought a new stake in Kansas City Southern (NYSE:KSU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,073 shares of the transportation company’s stock, valued at approximately $538,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in shares of Kansas City Southern in the second quarter valued at approximately $101,000. FNY Investment Advisers LLC acquired a new stake in shares of Kansas City Southern in the second quarter valued at approximately $105,000. Point72 Hong Kong Ltd increased its holdings in shares of Kansas City Southern by 63.5% in the second quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 559 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Kansas City Southern by 9,893.5% in the first quarter. Summit Trail Advisors LLC now owns 162,495 shares of the transportation company’s stock valued at $162,000 after purchasing an additional 160,869 shares during the last quarter. Finally, Gideon Capital Advisors Inc. acquired a new stake in shares of Kansas City Southern in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 87.58% of the company’s stock.
In other Kansas City Southern news, Director Lu M. Cordova sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $118.93, for a total transaction of $118,930.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael W. Upchurch sold 5,442 shares of the firm’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $116.77, for a total value of $635,462.34. Following the sale, the chief financial officer now directly owns 17,906 shares of the company’s stock, valued at approximately $2,090,883.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,171 shares of company stock valued at $841,712. 0.70% of the stock is owned by insiders.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, July 20th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.02. The company had revenue of $682.40 million during the quarter, compared to analysts’ expectations of $686.12 million. Kansas City Southern had a return on equity of 12.01% and a net margin of 36.91%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. equities research analysts anticipate that Kansas City Southern will post 6.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Monday, September 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $1.44 annualized dividend and a yield of 1.23%. Kansas City Southern’s dividend payout ratio (DPR) is 27.43%.
Several equities research analysts recently commented on the company. Raymond James increased their price target on Kansas City Southern from $128.00 to $133.00 and gave the company a “strong-buy” rating in a report on Friday, August 31st. Cowen raised Kansas City Southern from a “market perform” rating to an “outperform” rating and increased their price target for the company from $124.00 to $138.00 in a report on Wednesday, August 29th. Zacks Investment Research raised Kansas City Southern from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Loop Capital increased their price target on Kansas City Southern to $132.00 and gave the company a “buy” rating in a report on Monday, July 23rd. Finally, Credit Suisse Group increased their price target on Kansas City Southern from $125.00 to $126.00 and gave the company a “$111.08” rating in a report on Monday, July 23rd. Five investment analysts have rated the stock with a hold rating, seven have given 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 $122.43.
Kansas City Southern Profile
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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