Piedmont Investment Advisors LLC purchased a new stake in Kansas City Southern (NYSE:KSU) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,373 shares of the transportation company’s stock, valued at approximately $584,000.
Other large investors also recently made changes to their positions in the company. IHT Wealth Management LLC grew its position in Kansas City Southern by 243.9% in the second quarter. IHT Wealth Management LLC now owns 141 shares of the transportation company’s stock valued at $675,000 after acquiring an additional 100 shares during the period. Howe & Rusling Inc. bought a new stake in Kansas City Southern in the third quarter valued at $130,000. QS Investors LLC grew its position 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 acquiring an additional 7 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in Kansas City Southern in the second quarter valued at $160,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Kansas City Southern in the second quarter valued at $210,000. Hedge funds and other institutional investors own 83.62% of the company’s stock.
KSU has been the topic of a number of analyst reports. Bank of America upped their price target on Kansas City Southern from $112.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 21st. Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BMO Capital Markets restated a “hold” rating and set a $105.00 target price on shares of Kansas City Southern in a report on Friday, August 25th. Cowen restated a “hold” rating on shares of Kansas City Southern in a report on Friday, August 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $118.00 target price on shares of Kansas City Southern in a report on Thursday, September 21st. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $113.18.
Shares of Kansas City Southern (NYSE KSU) opened at $110.96 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The company has a market capitalization of $11,489.13, a price-to-earnings ratio of 22.33, a PEG ratio of 1.64 and a beta of 0.86. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $114.85.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $653.00 million for the quarter, compared to analysts’ expectations of $651.95 million. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 earnings per share. research analysts expect that Kansas City Southern will post 5.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.30%. The ex-dividend date 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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