Schwab Charles Investment Management Inc. grew its holdings in Kansas City Southern (NYSE:KSU) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,557 shares of the transportation company’s stock after acquiring an additional 9,585 shares during the period. Schwab Charles Investment Management Inc. owned about 0.35% of Kansas City Southern worth $39,729,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in KSU. Howe & Rusling Inc. purchased a new position in shares of Kansas City Southern in the third quarter valued at about $130,000. QS Investors LLC lifted its position in shares of 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 acquiring an additional 7 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Kansas City Southern in the second quarter valued at about $160,000. Advisor Partners LLC purchased a new position in shares of Kansas City Southern in the second quarter valued at about $202,000. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Kansas City Southern in the second quarter valued at about $210,000. Institutional investors and hedge funds own 83.62% of the company’s stock.
Shares of Kansas City Southern (NYSE KSU) opened at $111.74 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53. The company has a market capitalization of $11,554.38, a PE ratio of 22.45, a P/E/G ratio of 1.65 and a beta of 0.86. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $114.85.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $651.95 million. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. analysts anticipate that Kansas City Southern will post 5.22 EPS for the current fiscal year.
Kansas City Southern announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.44 annualized dividend and a yield of 1.29%. Kansas City Southern’s payout ratio is currently 28.29%.
In other Kansas City Southern news, SVP Mary K. Stadler sold 1,973 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total transaction of $205,014.43. Following the sale, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at $634,058.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey M. Songer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $111.80, for a total value of $335,400.00. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Several brokerages have recently commented on KSU. BMO Capital Markets restated a “hold” rating and issued a $109.00 price objective on shares of Kansas City Southern in a research report on Friday, November 24th. Goldman Sachs Group began coverage on Kansas City Southern in a research report on Monday, November 13th. They issued a “neutral” rating and a $109.00 price objective on the stock. Barclays boosted their price objective on Kansas City Southern from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Credit Suisse Group boosted their price objective on Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley boosted their price objective on Kansas City Southern from $88.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $113.06.
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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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