Gluskin Sheff & Assoc Inc. decreased its position in shares of Kansas City Southern (NYSE:KSU) by 93.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,157 shares of the transportation company’s stock after selling 232,865 shares during the quarter. Gluskin Sheff & Assoc Inc.’s holdings in Kansas City Southern were worth $1,665,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Delpha Capital Management LLC bought a new position in shares of Kansas City Southern during the 4th quarter worth $102,000. Centaurus Financial Inc. bought a new position in shares of Kansas City Southern during the 1st quarter worth $145,000. Tower Research Capital LLC TRC grew its position in shares of Kansas City Southern by 182.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the transportation company’s stock worth $149,000 after buying an additional 914 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of Kansas City Southern by 404.7% during the 1st quarter. Dupont Capital Management Corp now owns 1,842 shares of the transportation company’s stock worth $202,000 after buying an additional 1,477 shares in the last quarter. Finally, Jump Trading LLC bought a new stake in Kansas City Southern during the fourth quarter valued at about $214,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kansas City Southern opened at $107.46 on Thursday, MarketBeat.com reports. Kansas City Southern has a 52-week low of $96.01 and a 52-week high of $114.91. The stock has a market capitalization of $10.85 billion, a PE ratio of 20.47, a PEG ratio of 1.32 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.69 and a quick ratio of 0.49.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, April 20th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.05). The company had revenue of $638.60 million for the quarter, compared to analysts’ expectations of $639.39 million. Kansas City Southern had a net margin of 36.75% and a return on equity of 11.98%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. equities analysts predict that Kansas City Southern will post 6.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Monday, June 11th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, June 8th. Kansas City Southern’s payout ratio is currently 27.43%.
In other Kansas City Southern news, CFO Michael W. Upchurch sold 2,074 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $110.15, for a total value of $228,451.10. Following the sale, the chief financial officer now directly owns 15,590 shares of the company’s stock, valued at $1,717,238.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Suzanne M. Grafton sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $107.97, for a total value of $32,391.00. Following the completion of the sale, the vice president now directly owns 10,955 shares in the company, valued at $1,182,811.35. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
KSU has been the topic of a number of recent research reports. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Credit Suisse Group reissued an “outperform” rating and issued a $121.00 price target (down previously from $126.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Morgan Stanley reissued an “equal weight” rating and issued a $102.00 price target (up previously from $97.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Seaport Global Securities reissued a “neutral” rating on shares of Kansas City Southern in a report on Friday, March 23rd. Finally, BMO Capital Markets raised their price target on Kansas City Southern from $117.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, April 13th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern has a consensus rating of “Buy” and an average target price of $118.64.
Kansas City Southern Profile
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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