Cypress Funds LLC cut its position in shares of Kansas City Southern (NYSE:KSU) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,000 shares of the transportation company’s stock after selling 15,000 shares during the quarter. Kansas City Southern accounts for about 3.0% of Cypress Funds LLC’s investment portfolio, making the stock its 15th largest holding. Cypress Funds LLC owned about 0.13% of Kansas City Southern worth $14,672,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. QS Investors LLC lifted its stake in Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after buying an additional 7 shares during the last quarter. Savant Capital LLC lifted its stake in Kansas City Southern by 0.4% in the second quarter. Savant Capital LLC now owns 3,214 shares of the transportation company’s stock valued at $336,000 after buying an additional 13 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Kansas City Southern by 1.2% in the second quarter. Moors & Cabot Inc. now owns 4,277 shares of the transportation company’s stock valued at $447,000 after buying an additional 51 shares during the last quarter. First Manhattan Co. lifted its stake in Kansas City Southern by 1.2% in the second quarter. First Manhattan Co. now owns 4,547 shares of the transportation company’s stock valued at $475,000 after buying an additional 52 shares during the last quarter. Finally, Financial Counselors Inc. lifted its stake in Kansas City Southern by 0.4% in the second quarter. Financial Counselors Inc. now owns 12,230 shares of the transportation company’s stock valued at $1,280,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 85.74% of the company’s stock.
Kansas City Southern (KSU) traded down $2.08 during trading hours on Thursday, reaching $102.17. The company had a trading volume of 822,200 shares, compared to its average volume of 1,251,537. The firm has a market capitalization of $10,750.00, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.54 and a beta of 0.84. Kansas City Southern has a 1 year low of $79.05 and a 1 year high of $109.13. 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 released its earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. Kansas City Southern’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. equities analysts anticipate that Kansas City Southern will post 5.21 earnings per share for the current fiscal year.
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 1.41%. The ex-dividend date is Thursday, December 28th. Kansas City Southern’s payout ratio is currently 28.29%.
Kansas City Southern declared that its Board of Directors has authorized a share buyback program on Tuesday, August 15th that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
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A number of equities research analysts have issued reports on KSU shares. Cowen and Company raised their target price on Kansas City Southern from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Credit Suisse Group raised their target price on Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price on shares of Kansas City Southern in a research note on Thursday, September 21st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research note 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’s stock. The company has a consensus rating of “Buy” and an average target price of $113.06.
In related 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 transaction, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Antonio O. Garza sold 4,018 shares of Kansas City Southern stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the completion of the transaction, the director now directly owns 4,920 shares in the company, valued at approximately $531,064.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,442 shares of company stock worth $1,727,525. 0.95% of the stock is owned by corporate insiders.
Kansas City Southern 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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