Atlantic Trust Group LLC increased its stake in shares of Kansas City Southern (NYSE:KSU) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,335 shares of the transportation company’s stock after buying an additional 6,083 shares during the quarter. Atlantic Trust Group LLC owned about 0.15% of Kansas City Southern worth $17,208,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in Kansas City Southern by 8.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 355,972 shares of the transportation company’s stock valued at $37,253,000 after purchasing an additional 27,070 shares during the period. Legal & General Group Plc lifted its position in Kansas City Southern by 4.0% during the second quarter. Legal & General Group Plc now owns 564,148 shares of the transportation company’s stock valued at $59,035,000 after purchasing an additional 21,919 shares during the period. Blair William & Co. IL acquired a new position in shares of Kansas City Southern in the second quarter worth about $258,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Kansas City Southern by 0.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,039 shares of the transportation company’s stock worth $30,876,000 after acquiring an additional 2,771 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Kansas City Southern by 17.5% in the second quarter. Victory Capital Management Inc. now owns 17,163 shares of the transportation company’s stock worth $1,796,000 after acquiring an additional 2,560 shares during the period. 83.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kansas City Southern (NYSE KSU) opened at $108.19 on Friday. Kansas City Southern has a one year low of $79.05 and a one year high of $114.85. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm has a market cap of $11,160.00, a P/E ratio of 21.26, a PEG ratio of 1.60 and a beta of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.33%. Kansas City Southern’s dividend payout ratio (DPR) is 28.29%.
In other news, COO Jeffrey M. Songer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total value of $335,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Mary K. Stadler sold 1,973 shares of the company’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 completion of the transaction, the senior vice president now owns 6,102 shares in the company, valued at $634,058.82. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
A number of brokerages have weighed in on KSU. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reiterated 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 shares of Kansas City Southern in a research report on Monday, November 13th. They issued a “neutral” rating and a $109.00 price objective for the company. Barclays upped their price target on shares of Kansas City Southern from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, Credit Suisse Group upped their price target on shares of Kansas City Southern from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $113.18.
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Kansas City Southern 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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