EULAV Asset Management held its position in Kansas City Southern (NYSE:KSU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,300 shares of the company’s stock at the end of the third quarter. EULAV Asset Management owned about 0.07% of Kansas City Southern worth $6,560,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Winslow Capital Management LLC bought a new position in Kansas City Southern during the second quarter valued at $261,621,000. Nomura Holdings Inc. increased its position in Kansas City Southern by 10,267.3% in the second quarter. Nomura Holdings Inc. now owns 417,699 shares of the company’s stock valued at $37,740,000 after buying an additional 413,670 shares during the last quarter. Ameriprise Financial Inc. increased its position in Kansas City Southern by 40.9% in the third quarter. Ameriprise Financial Inc. now owns 1,298,826 shares of the company’s stock valued at $121,209,000 after buying an additional 377,292 shares during the last quarter. BlackRock Advisors LLC increased its position in Kansas City Southern by 39.8% in the third quarter. BlackRock Advisors LLC now owns 1,291,945 shares of the company’s stock valued at $120,564,000 after buying an additional 367,708 shares during the last quarter. Finally, Coronation Fund Managers Ltd. bought a new position in Kansas City Southern during the second quarter valued at $32,489,000. 87.41% of the stock is owned by hedge funds and other institutional investors.
Kansas City Southern (NYSE:KSU) traded up 0.73% on Wednesday, hitting $81.87. The company had a trading volume of 751,710 shares. The stock has a market cap of $8.81 billion, a P/E ratio of 18.14 and a beta of 0.90. The firm’s 50 day moving average price is $85.30 and its 200 day moving average price is $90.91. Kansas City Southern has a 12-month low of $62.20 and a 12-month high of $100.69.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Tuesday, October 18th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.10. Kansas City Southern had a net margin of 20.90% and a return on equity of 11.57%. The firm had revenue of $605 million for the quarter, compared to analyst estimates of $411.30 million. During the same period last year, the firm earned $1.21 earnings per share. Kansas City Southern’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities analysts predict that Kansas City Southern will post $4.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, December 28th. Kansas City Southern’s dividend payout ratio (DPR) is currently 29.33%.
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Several equities analysts have weighed in on the company. Credit Suisse Group reissued a “hold” rating and set a $101.00 price target on shares of Kansas City Southern in a research report on Tuesday, September 13th. Citigroup Inc. raised their price target on Kansas City Southern from $109.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Vertical Research assumed coverage on Kansas City Southern in a research report on Tuesday, October 11th. They issued a “hold” rating for the company. Zacks Investment Research downgraded Kansas City Southern from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Finally, Seaport Global Securities assumed coverage on Kansas City Southern in a research report on Wednesday, October 19th. They issued an “accumulate” rating and a $104.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. Kansas City Southern currently has an average rating of “Hold” and an average price target of $99.47.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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