8,542 Shares in Kansas City Southern (KSU) Acquired by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC purchased a new stake in shares of Kansas City Southern (NYSE:KSU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,542 shares of the company’s stock, valued at approximately $762,000.
Several other large investors have also recently made changes to their positions in KSU. Geode Capital Management LLC raised its stake in Kansas City Southern by 1.9% in the first quarter. Geode Capital Management LLC now owns 889,091 shares of the company’s stock valued at $75,820,000 after buying an additional 16,716 shares during the period. Investment House LLC raised its stake in 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 during the period. National Investment Services Inc. WI bought a new stake in Kansas City Southern during the second quarter valued at $1,940,000. Cleararc Capital Inc. bought a new stake in Kansas City Southern during the first quarter valued at $226,000. Finally, Gulf International Bank UK Ltd raised its stake in Kansas City Southern by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 33,141 shares of the company’s stock valued at $2,985,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) traded down 1.99% during mid-day trading on Wednesday, hitting $93.72. The stock had a trading volume of 716,624 shares. The stock has a 50 day moving average price of $93.94 and a 200 day moving average price of $92.66. Kansas City Southern has a 52 week low of $62.20 and a 52 week high of $100.69. The firm has a market cap of $10.12 billion, a PE ratio of 20.40 and a beta of 1.14.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.14. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. The company earned $569 million during the quarter, compared to analysts’ expectations of $572.20 million. Equities research analysts expect that Kansas City Southern will post $4.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Monday, September 12th were given a $0.33 dividend. The ex-dividend date was Thursday, September 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.38%. Kansas City Southern’s payout ratio is 28.82%.
Several equities research analysts recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a $98.00 target price on shares of Kansas City Southern in a report on Tuesday, October 4th. Zacks Investment Research lowered Kansas City Southern from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. RBC Capital Markets restated an “outperform” rating and issued a $114.00 target price (up from $109.00) on shares of Kansas City Southern in a report on Wednesday, July 20th. Credit Suisse Group AG restated a “neutral” rating and issued a $101.00 target price (up from $99.00) on shares of Kansas City Southern in a report on Friday, July 22nd. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $107.00 target price (up from $103.00) on shares of Kansas City Southern in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern presently has a consensus rating of “Hold” and a consensus target price of $100.92.
In related news, CEO Patrick J. Ottensmeyer sold 5,000 shares of Kansas City Southern stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $95.62, for a total transaction of $478,100.00. Following the completion of the sale, the chief executive officer now directly owns 90,228 shares of the company’s stock, valued at approximately $8,627,601.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $98.32, for a total value of $2,607,544.72. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.
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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