SignalPoint Asset Management LLC raised its stake in shares of Kansas City Southern (NYSE:KSU) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,770 shares of the company’s stock after buying an additional 4 shares during the period. SignalPoint Asset Management LLC’s holdings in Kansas City Southern were worth $250,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. Seven Bridges Advisors LLC raised its position in shares of Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the company’s stock valued at $108,000 after buying an additional 277 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Kansas City Southern by 1,065.2% in the second quarter. Meeder Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $138,000 after buying an additional 1,406 shares in the last quarter. ING Groep NV acquired a new position in shares of Kansas City Southern during the first quarter valued at about $213,000. Boothbay Fund Management LLC acquired a new position in shares of Kansas City Southern during the first quarter valued at about $215,000. Finally, Investment House LLC raised its position in shares of Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock valued at $232,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.
Kansas City Southern (NYSE:KSU) traded up 1.49% during mid-day trading on Wednesday, hitting $93.47. The stock had a trading volume of 717,751 shares. The stock has a market capitalization of $10.09 billion, a P/E ratio of 20.34 and a beta of 1.14. Kansas City Southern has a 52 week low of $62.20 and a 52 week high of $100.69. The company’s 50 day moving average is $94.57 and its 200-day moving average is $92.42.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.14. The business had revenue of $569 million for the quarter, compared to analyst estimates of $572.20 million. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. On average, analysts expect that Kansas City Southern will post $4.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Monday, September 12th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.41%. Kansas City Southern’s dividend payout ratio (DPR) is currently 28.82%.
Several brokerages recently issued reports on KSU. RBC Capital Markets reiterated an “outperform” rating and issued a $114.00 price objective (up from $109.00) on shares of Kansas City Southern in a research report on Wednesday, July 20th. Barclays PLC boosted their target price on Kansas City Southern from $73.00 to $79.00 and gave the company an “underweight” rating in a research note on Wednesday, July 20th. Loop Capital restated a “buy” rating and issued a $113.00 target price (down previously from $115.00) on shares of Kansas City Southern in a research note on Wednesday. Credit Suisse Group AG restated a “hold” rating and issued a $101.00 target price on shares of Kansas City Southern in a research note on Tuesday, September 13th. Finally, Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $100.92.
In related news, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $98.32, for a total transaction of $2,607,544.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David L. Starling sold 5,100 shares of Kansas City Southern stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $98.88, for a total value of $504,288.00. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
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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