BNP Paribas Arbitrage SA cut its position in Kansas City Southern (NYSE:KSU) by 41.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,447 shares of the transportation company’s stock after selling 44,985 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of Kansas City Southern worth $7,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC lifted its stake in Kansas City Southern by 243.9% in the 2nd quarter. IHT Wealth Management LLC now owns 141 shares of the transportation company’s stock worth $675,000 after purchasing an additional 100 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in Kansas City Southern in the 3rd quarter worth approximately $130,000. QS Investors LLC raised its position in shares of Kansas City Southern by 0.5% during the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after buying an additional 7 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Kansas City Southern during the 2nd quarter valued at $160,000. Finally, Advisor Partners LLC purchased a new stake in shares of Kansas City Southern during the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 85.74% of the company’s stock.
In other Kansas City Southern news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of Kansas City Southern stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $102.93, for a total value of $617,580.00. Following the completion of the transaction, the insider now directly owns 42,087 shares of the company’s stock, valued at $4,332,014.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary K. Stadler sold 1,973 shares of Kansas City Southern stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total transaction of $205,014.43. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at $634,058.82. The disclosure for this sale can be found here. Insiders have sold 11,991 shares of company stock worth $1,256,297 in the last three months. 0.95% of the stock is currently owned by insiders.
Shares of Kansas City Southern (KSU) opened at $103.52 on Friday. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $109.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The company has a market cap of $10,579.00, a PE ratio of 20.56, a P/E/G ratio of 1.51 and a beta of 0.84.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The business had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Kansas City Southern’s quarterly revenue was up 8.0% on a year-over-year basis. analysts expect that Kansas City Southern will post 5.21 EPS for the current fiscal year.
Kansas City Southern declared that its board has authorized a stock repurchase plan on Tuesday, August 15th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s payout ratio is currently 28.29%.
KSU has been the topic of several research reports. BidaskClub cut shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and set a $118.00 price objective (up previously 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 price objective on the stock in a research report on Thursday, August 24th. Citigroup Inc. reiterated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of Kansas City Southern in a research report on Wednesday, October 4th. Finally, Bank of America Corporation upgraded shares of Kansas City Southern from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $113.00 to $116.00 in a research report on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $113.06.
TRADEMARK VIOLATION WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://ledgergazette.com/2017/11/17/kansas-city-southern-ksu-holdings-cut-by-bnp-paribas-arbitrage-sa.html.
Kansas City Southern 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.
Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).
Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.