Macquarie Group Ltd. Purchases 2,400 Shares of Kansas City Southern (KSU)
Macquarie Group Ltd. boosted its position in Kansas City Southern (NYSE:KSU) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,300 shares of the transportation company’s stock after purchasing an additional 2,400 shares during the quarter. Macquarie Group Ltd.’s holdings in Kansas City Southern were worth $1,446,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KSU. Janney Montgomery Scott LLC raised its stake in Kansas City Southern by 2.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 9,581 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 211 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Kansas City Southern by 1.2% in the 2nd quarter. CIBC Asset Management Inc now owns 10,712 shares of the transportation company’s stock worth $1,121,000 after acquiring an additional 126 shares during the last quarter. Sei Investments Co. increased its stake in shares of Kansas City Southern by 25.2% in the 2nd quarter. Sei Investments Co. now owns 25,379 shares of the transportation company’s stock worth $2,655,000 after acquiring an additional 5,114 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Kansas City Southern by 417.8% in the 2nd quarter. IFP Advisors Inc now owns 3,231 shares of the transportation company’s stock worth $338,000 after acquiring an additional 2,607 shares during the last quarter. Finally, Advisor Partners LLC acquired a new stake in shares of Kansas City Southern in the 2nd quarter worth $202,000. 83.62% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Mary K. Stadler sold 1,973 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total transaction of $205,014.43. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares in the company, valued at approximately $634,058.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.95% of the company’s stock.
A number of analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 target price (up from $114.00) on shares of Kansas City Southern in a research note on Friday, August 18th. Morgan Stanley raised their target price on Kansas City Southern from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Bank of America increased their price target on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Finally, Barclays increased their price target on Kansas City Southern from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $113.06.
Kansas City Southern (NYSE:KSU) opened at $111.59 on Friday. Kansas City Southern has a twelve month low of $79.05 and a twelve month high of $114.85. The company has a market capitalization of $11,550.00, a PE ratio of 22.42, a P/E/G ratio of 1.64 and a beta of 0.86. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $651.95 million. During the same period last year, the business posted $1.12 EPS. Kansas City Southern’s revenue for the quarter was up 8.0% on a year-over-year basis. equities analysts anticipate that Kansas City Southern will post 5.22 earnings per share for the current fiscal year.
Kansas City Southern declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s dividend payout ratio (DPR) is 28.29%.
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About Kansas City Southern
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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