Kansas City Southern (KSU) Shares Bought by Gofen & Glossberg LLC IL
Gofen & Glossberg LLC IL boosted its position in shares of Kansas City Southern (NYSE:KSU) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,508 shares of the transportation company’s stock after acquiring an additional 490 shares during the period. Gofen & Glossberg LLC IL owned 0.13% of Kansas City Southern worth $14,727,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Impala Asset Management LLC grew its stake in Kansas City Southern by 4,730.9% during the third quarter. Impala Asset Management LLC now owns 458,353 shares of the transportation company’s stock worth $49,814,000 after buying an additional 448,865 shares during the last quarter. Sustainable Growth Advisers LP grew its stake in Kansas City Southern by 19.7% during the second quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock worth $261,708,000 after buying an additional 412,275 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Kansas City Southern by 57.8% during the second quarter. Neuberger Berman Group LLC now owns 935,974 shares of the transportation company’s stock worth $97,950,000 after buying an additional 342,800 shares during the last quarter. Ardevora Asset Management LLP bought a new stake in Kansas City Southern during the third quarter worth about $35,593,000. Finally, Koch Industries Inc. bought a new stake in Kansas City Southern during the second quarter worth about $306,000. Institutional investors own 83.62% of the company’s stock.
KSU has been the topic of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 target price (up from $114.00) on shares of Kansas City Southern in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Thursday, August 24th. Citigroup reiterated a “buy” rating and set a $123.00 target price (up from $116.00) on shares of Kansas City Southern in a research report on Wednesday, October 4th. Bank of America upgraded shares of Kansas City Southern from a “neutral” rating to a “buy” rating and upped their target price for the stock from $113.00 to $116.00 in a research report on Tuesday, October 10th. Finally, Loop Capital restated a “buy” rating and issued a $124.00 price objective (up from $118.00) on shares of Kansas City Southern in a report on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $113.18.
Shares of Kansas City Southern (NYSE KSU) traded up $0.66 during mid-day trading on Thursday, hitting $110.96. 957,700 shares of the stock traded hands, compared to its average volume of 1,230,192. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $114.85. The company has a market capitalization of $11,490.00, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.86.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $653.00 million during the quarter, compared to the consensus estimate of $651.95 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. sell-side analysts predict that Kansas City Southern will post 5.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s dividend payout ratio (DPR) is currently 28.29%.
In other Kansas City Southern news, SVP Mary K. Stadler sold 1,973 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total value of $205,014.43. Following the completion of the sale, the senior vice president now owns 6,102 shares in the company, valued at $634,058.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey M. Songer sold 3,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total transaction of $335,400.00. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.
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Kansas City Southern Company 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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