RWC Asset Management LLP lifted its holdings in shares of Kansas City Southern (NYSE:KSU) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,875 shares of the transportation company’s stock after buying an additional 29,870 shares during the period. RWC Asset Management LLP owned approximately 0.16% of Kansas City Southern worth $17,810,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in KSU. Impala Asset Management LLC boosted its stake in shares of Kansas City Southern by 4,730.9% during the third 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 during the period. Sustainable Growth Advisers LP boosted its stake in shares of Kansas City Southern by 19.7% during the second quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock worth $261,708,000 after buying an additional 412,275 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Kansas City Southern by 57.8% during the second quarter. Neuberger Berman Group LLC now owns 935,974 shares of the transportation company’s stock worth $97,950,000 after buying an additional 342,800 shares during the period. Ardevora Asset Management LLP acquired a new stake in shares of Kansas City Southern during the third quarter worth about $35,593,000. Finally, Koch Industries Inc. acquired a new stake in shares of Kansas City Southern during the second quarter worth about $306,000. Institutional investors and hedge funds own 83.62% of the company’s stock.
Shares of Kansas City Southern (NYSE KSU) traded down $0.33 during trading on Wednesday, reaching $110.30. 1,056,900 shares of the company’s stock were exchanged, compared to its average volume of 1,231,332. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $114.85. 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 stock has a market capitalization of $11,454.97, a PE ratio of 22.26, a PEG ratio of 1.63 and a beta of 0.86.
Kansas City Southern declared that its Board of Directors has authorized a share buyback program on Tuesday, August 15th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be issued a $0.36 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.31%. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.29%.
In other news, SVP Mary K. Stadler sold 1,973 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total transaction of $205,014.43. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey M. Songer sold 3,000 shares of the firm’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 transaction of $335,400.00. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.
KSU has been the subject of several recent research reports. Cowen increased their target price 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. Credit Suisse Group increased their target price on shares of Kansas City Southern from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. BMO Capital Markets reiterated a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $118.00 price objective on shares of Kansas City Southern in a research report on Thursday, September 21st. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $113.18.
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About Kansas City Southern
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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