Ancora Advisors LLC Takes Position in Kansas City Southern (KSU)
Ancora Advisors LLC bought a new position in shares of Kansas City Southern (NYSE:KSU) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,001 shares of the transportation company’s stock, valued at approximately $114,000.
A number of other hedge funds have also recently added to or reduced their stakes in KSU. Aurora Investment Counsel acquired a new stake in Kansas City Southern during the third quarter valued at approximately $2,008,000. Verition Fund Management LLC acquired a new stake in Kansas City Southern during the second quarter valued at approximately $1,307,000. Bank of America Corp DE boosted its holdings in Kansas City Southern by 32.3% during the second quarter. Bank of America Corp DE now owns 1,186,541 shares of the transportation company’s stock valued at $125,724,000 after purchasing an additional 289,457 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Kansas City Southern by 2.5% during the second quarter. OppenheimerFunds Inc. now owns 337,358 shares of the transportation company’s stock valued at $35,746,000 after purchasing an additional 8,166 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in Kansas City Southern by 1,582.9% during the second quarter. WINTON GROUP Ltd now owns 60,199 shares of the transportation company’s stock valued at $6,379,000 after purchasing an additional 56,622 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.
KSU has been the topic of a number of recent research reports. Loop Capital lifted their price objective on Kansas City Southern to $140.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Seaport Global Securities raised Kansas City Southern from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. Deutsche Bank raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Monday, October 15th. Citigroup decreased their price objective on Kansas City Southern from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, Bank of America decreased their price objective on Kansas City Southern from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 1st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $126.64.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, hitting the consensus estimate of $1.57. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $708.19 million. Kansas City Southern had a return on equity of 11.98% and a net margin of 37.98%. Kansas City Southern’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. On average, sell-side analysts expect that Kansas City Southern will post 5.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Monday, December 31st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, December 28th. Kansas City Southern’s payout ratio is currently 27.43%.
In other Kansas City Southern news, Director Henry J. Maier bought 1,000 shares of Kansas City Southern stock in a transaction dated Friday, October 26th. The shares were acquired at an average cost of $102.68 per share, with a total value of $102,680.00. Following the acquisition, the director now directly owns 7,122 shares of the company’s stock, valued at $731,286.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.
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Kansas City Southern Company 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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