Matthew 25 Management Corp reduced its stake in Kansas City Southern (NYSE:KSU) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,250 shares of the transportation company’s stock after selling 9,750 shares during the period. Kansas City Southern makes up 5.1% of Matthew 25 Management Corp’s portfolio, making the stock its 9th biggest position. Matthew 25 Management Corp’s holdings in Kansas City Southern were worth $18,490,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KSU. Harbour Investments Inc. purchased a new stake in shares of Kansas City Southern in the first quarter worth $40,000. CX Institutional lifted its holdings in shares of Kansas City Southern by 33.1% during the second quarter. CX Institutional now owns 173 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 43 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Kansas City Southern by 21.0% during the first quarter. CSat Investment Advisory L.P. now owns 196 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 34 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Kansas City Southern during the second quarter valued at $57,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of Kansas City Southern by 17.9% during the first quarter. Penserra Capital Management LLC now owns 231 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 35 shares in the last quarter. 80.71% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on KSU. Wolfe Research downgraded Kansas City Southern from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 15th. Citigroup lowered their price target on Kansas City Southern from $305.00 to $300.00 and set a “neutral” rating on the stock in a report on Wednesday, October 6th. Barclays lowered their target price on Kansas City Southern from $310.00 to $275.00 and set an “underweight” rating on the stock in a report on Monday, October 4th. Raymond James increased their target price on Kansas City Southern from $281.00 to $316.00 and gave the company an “outperform” rating in a report on Thursday. Finally, downgraded Kansas City Southern from a “buy” rating to a “neutral” rating and increased their target price for the company from $275.00 to $305.00 in a report on Tuesday, June 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $268.00.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Thursday, July 15th. The transportation company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.09). The firm had revenue of $749.50 million for the quarter, compared to analysts’ expectations of $749.06 million. Kansas City Southern had a net margin of 4.63% and a return on equity of 16.17%. The business’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS. As a group, research analysts predict that Kansas City Southern will post 8.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 6th. Stockholders of record on Monday, September 13th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, September 10th. Kansas City Southern’s payout ratio is 31.03%.
Kansas City Southern Company Profile
Kansas City Southern is a transportation holding company. It focuses on the growing north or south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico. The firm also engages in the freight rail transportation business operating through a single coordinated rail network.
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