Stanley Laman Group Ltd. raised its stake in Kansas City Southern (NYSE:KSU) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 55,365 shares of the transportation company’s stock after purchasing an additional 1,915 shares during the quarter. Kansas City Southern comprises approximately 1.3% of Stanley Laman Group Ltd.’s holdings, making the stock its 13th biggest position. Stanley Laman Group Ltd.’s holdings in Kansas City Southern were worth $5,826,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KSU. Impala Asset Management LLC grew its stake in shares of Kansas City Southern by 4,730.9% in the 3rd quarter. Impala Asset Management LLC now owns 458,353 shares of the transportation company’s stock worth $49,814,000 after buying an additional 448,865 shares in the last quarter. Ardevora Asset Management LLP purchased a new position in shares of Kansas City Southern in the 3rd quarter worth $35,593,000. Point72 Asset Management L.P. grew its stake in shares of Kansas City Southern by 2,421.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 293,897 shares of the transportation company’s stock worth $31,941,000 after buying an additional 282,239 shares in the last quarter. LGT Capital Partners LTD. purchased a new position in shares of Kansas City Southern in the 4th quarter worth $23,846,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Kansas City Southern in the 3rd quarter worth $23,623,000. Institutional investors own 83.75% of the company’s stock.
In related news, CMO Brian D. Hancock sold 2,325 shares of Kansas City Southern stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $113.00, for a total transaction of $262,725.00. Following the completion of the transaction, the chief marketing officer now directly owns 19,455 shares of the company’s stock, valued at approximately $2,198,415. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Henry J. Maier purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $104.35 per share, with a total value of $104,350.00. Following the completion of the purchase, the director now owns 5,159 shares in the company, valued at approximately $538,341.65. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.02. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The firm had revenue of $660.40 million during the quarter, compared to analysts’ expectations of $658.33 million. During the same period in the previous year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. analysts predict that Kansas City Southern will post 6.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Monday, March 12th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.32%. Kansas City Southern’s dividend payout ratio is presently 27.59%.
A number of brokerages have commented on KSU. BMO Capital Markets reissued a “hold” rating and issued a $109.00 price objective on shares of Kansas City Southern in a research note on Monday, October 23rd. Cowen lifted their price objective on shares of Kansas City Southern from $111.00 to $113.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Zacks Investment Research cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Loop Capital reissued a “buy” rating and issued a $124.00 price objective (up from $118.00) on shares of Kansas City Southern in a research note on Monday, October 23rd. Finally, Barclays lifted their price objective on shares of Kansas City Southern from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Kansas City Southern has an average rating of “Buy” and an average target price of $115.47.
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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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