Scharf Investments LLC Sells 17,616 Shares of Kansas City Southern (KSU)
Scharf Investments LLC reduced its stake in Kansas City Southern (NYSE:KSU) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,203,365 shares of the transportation company’s stock after selling 17,616 shares during the period. Kansas City Southern accounts for approximately 3.2% of Scharf Investments LLC’s holdings, making the stock its 17th largest holding. Scharf Investments LLC owned about 1.16% of Kansas City Southern worth $130,781,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in shares of Kansas City Southern in the 3rd quarter worth $1,750,000. QS Investors LLC boosted its position in shares of Kansas City Southern by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after purchasing an additional 7 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Kansas City Southern during the 3rd quarter worth $7,558,000. Fox Run Management L.L.C. acquired a new stake in Kansas City Southern during the 3rd quarter worth $826,000. Finally, Eaton Vance Management raised its stake in Kansas City Southern by 179.5% during the 2nd quarter. Eaton Vance Management now owns 175,346 shares of the transportation company’s stock worth $18,350,000 after buying an additional 112,609 shares during the period. Institutional investors and hedge funds own 83.62% of the company’s stock.
In other Kansas City Southern news, SVP Mary K. Stadler sold 1,973 shares of Kansas City Southern stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total value of $205,014.43. Following the sale, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.95% of the company’s stock.
Several analysts recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $109.00 price objective on shares of Kansas City Southern in a research note on Friday, November 24th. Bank of America raised their price objective on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 21st. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Thursday, August 24th. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $88.00 price objective (down previously from $93.00) on shares of Kansas City Southern in a research note on Monday, October 2nd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $113.06.
Kansas City Southern (NYSE KSU) traded down $0.67 on Thursday, hitting $111.42. The company’s stock had a trading volume of 873,300 shares, compared to its average volume of 1,231,512. Kansas City Southern has a 1 year low of $79.05 and a 1 year high of $114.85. The firm has a market cap of $11,606.15, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $653.00 million for the quarter, compared to the consensus estimate of $651.95 million. During the same quarter last year, the business posted $1.12 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts expect that Kansas City Southern will post 5.22 EPS for the current year.
Kansas City Southern announced that its board has initiated a stock buyback plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s dividend payout ratio 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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