Dimensional Fund Advisors LP cut its stake in Kansas City Southern (NYSE:KSU) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,411,467 shares of the transportation company’s stock after selling 7,668 shares during the period. Dimensional Fund Advisors LP owned approximately 1.39% of Kansas City Southern worth $159,902,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aurora Investment Counsel purchased a new position in Kansas City Southern in the third quarter valued at approximately $2,008,000. Verition Fund Management LLC purchased a new position in Kansas City Southern in the second quarter valued at approximately $1,307,000. Bank of America Corp DE raised its holdings in Kansas City Southern by 32.3% in the second quarter. Bank of America Corp DE now owns 1,186,541 shares of the transportation company’s stock valued at $125,724,000 after buying an additional 289,457 shares during the period. OppenheimerFunds Inc. raised its holdings in Kansas City Southern by 2.5% in the second quarter. OppenheimerFunds Inc. now owns 337,358 shares of the transportation company’s stock valued at $35,746,000 after buying an additional 8,166 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in Kansas City Southern by 1,582.9% in the second quarter. WINTON GROUP Ltd now owns 60,199 shares of the transportation company’s stock valued at $6,379,000 after buying an additional 56,622 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Henry J. Maier acquired 1,000 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were bought at an average price of $102.68 per share, for a total transaction of $102,680.00. Following the completion of the purchase, the director now directly owns 7,122 shares of the company’s stock, valued at approximately $731,286.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.57. The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $708.19 million. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. Equities research analysts predict that Kansas City Southern will post 5.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.40%. Kansas City Southern’s dividend payout ratio is currently 27.43%.
Several research firms recently commented on KSU. Zacks Investment Research lowered shares of Kansas City Southern from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. ValuEngine upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Citigroup cut their price target on shares of Kansas City Southern from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. BMO Capital Markets cut their price target on shares of Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Finally, Seaport Global Securities upgraded shares of Kansas City Southern from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $126.64.
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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