Parametric Portfolio Associates LLC Has $26.12 Million Stake in Kansas City Southern (KSU)
Parametric Portfolio Associates LLC grew its position in shares of Kansas City Southern (NYSE:KSU) by 2.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,337 shares of the transportation company’s stock after purchasing an additional 6,690 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.23% of Kansas City Southern worth $26,120,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Kansas City Southern by 8.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 355,972 shares of the transportation company’s stock worth $37,253,000 after buying an additional 27,070 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Kansas City Southern by 4.0% in the second quarter. Legal & General Group Plc now owns 564,148 shares of the transportation company’s stock worth $59,035,000 after buying an additional 21,919 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Kansas City Southern in the second quarter worth $258,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Kansas City Southern by 0.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,039 shares of the transportation company’s stock worth $30,876,000 after buying an additional 2,771 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Kansas City Southern by 17.5% in the second quarter. Victory Capital Management Inc. now owns 17,163 shares of the transportation company’s stock worth $1,796,000 after buying an additional 2,560 shares during the last quarter. Institutional investors own 83.56% of the company’s stock.
In other news, COO Jeffrey M. Songer sold 3,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total transaction of $335,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mary K. Stadler sold 1,973 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total transaction of $205,014.43. Following the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
A number of brokerages recently issued reports on KSU. BMO Capital Markets restated a “hold” rating and issued a $109.00 price target on shares of Kansas City Southern in a research note on Friday, November 24th. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Monday, October 2nd. Morgan Stanley restated an “equal weight” rating and issued a $88.00 price target (down previously from $93.00) on shares of Kansas City Southern in a research note on Monday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of Kansas City Southern from $116.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $124.00 price objective (up previously from $118.00) on shares of Kansas City Southern in a report on Monday, October 23rd. Eight 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. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $113.18.
Kansas City Southern (NYSE KSU) opened at $108.19 on Monday. The company has a market cap of $11,160.00, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 0.51. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $114.85.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $653.00 million during the quarter, compared to the consensus estimate of $651.95 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 earnings per share. equities analysts forecast that Kansas City Southern will post 5.21 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.33%. 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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Kansas City Southern Company Profile
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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