WESCAP Management Group Inc. increased its stake in shares of Kansas City Southern (NYSE:KSU) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,197 shares of the transportation company’s stock after buying an additional 252 shares during the quarter. WESCAP Management Group Inc.’s holdings in Kansas City Southern were worth $998,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in KSU. Dimensional Fund Advisors LP boosted its stake in Kansas City Southern by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,864 shares of the transportation company’s stock valued at $136,010,000 after buying an additional 13,397 shares in the last quarter. Geode Capital Management LLC boosted its position in Kansas City Southern by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 1,303,947 shares of the transportation company’s stock worth $124,240,000 after purchasing an additional 94,299 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Kansas City Southern by 5.4% in the first quarter. IFM Investors Pty Ltd now owns 6,957 shares of the transportation company’s stock worth $807,000 after purchasing an additional 359 shares during the last quarter. Pennsylvania Trust Co purchased a new position in Kansas City Southern in the first quarter worth $14,426,000. Finally, Conning Inc. purchased a new position in Kansas City Southern in the first quarter worth $203,000. Institutional investors and hedge funds own 89.63% of the company’s stock.
KSU has been the topic of a number of analyst reports. Cowen set a $136.00 price objective on Kansas City Southern and gave the company a “buy” rating in a research note on Friday, July 19th. Loop Capital boosted their price objective on Kansas City Southern to $144.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley boosted their price objective on Kansas City Southern from $111.00 to $121.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. Credit Suisse Group boosted their price objective on Kansas City Southern from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, Zacks Investment Research lowered Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $130.36.
NYSE KSU traded down $0.83 during trading on Thursday, reaching $123.50. The company’s stock had a trading volume of 34,425 shares, compared to its average volume of 723,267. The stock has a market capitalization of $12.20 billion, a PE ratio of 20.63, a P/E/G ratio of 1.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.79 and a quick ratio of 0.59. The firm has a fifty day moving average of $121.39 and a 200 day moving average of $117.48. Kansas City Southern has a one year low of $90.55 and a one year high of $126.47.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, July 19th. The transportation company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $704.55 million. Kansas City Southern had a return on equity of 12.45% and a net margin of 20.35%. Kansas City Southern’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.54 EPS. Research analysts expect that Kansas City Southern will post 6.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Monday, September 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, September 6th. Kansas City Southern’s dividend payout ratio is presently 24.12%.
Kansas City Southern Profile
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company 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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