Suffolk Capital Management LLC acquired a new position in shares of Kansas City Southern (NYSE:KSU) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 129,062 shares of the transportation company’s stock, valued at approximately $14,026,000. Kansas City Southern comprises about 1.9% of Suffolk Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Suffolk Capital Management LLC owned 0.12% of Kansas City Southern as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Global X MANAGEMENT CO LLC raised its position in shares of Kansas City Southern by 16.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 8,082 shares of the transportation company’s stock worth $878,000 after purchasing an additional 1,167 shares during the last quarter. Swiss National Bank raised its holdings in Kansas City Southern by 0.6% in the 3rd quarter. Swiss National Bank now owns 390,751 shares of the transportation company’s stock valued at $42,467,000 after acquiring an additional 2,200 shares during the last quarter. Prudential Financial Inc. raised its holdings in Kansas City Southern by 9.0% in the 3rd quarter. Prudential Financial Inc. now owns 161,622 shares of the transportation company’s stock valued at $17,565,000 after acquiring an additional 13,290 shares during the last quarter. American Century Companies Inc. raised its holdings in Kansas City Southern by 211.2% in the 3rd quarter. American Century Companies Inc. now owns 7,901 shares of the transportation company’s stock valued at $859,000 after acquiring an additional 5,362 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its holdings in Kansas City Southern by 37.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 40,026 shares of the transportation company’s stock valued at $4,350,000 after acquiring an additional 11,010 shares during the last quarter. Hedge funds and other institutional investors own 85.74% of the company’s stock.
Kansas City Southern (NYSE:KSU) traded down $0.85 on Friday, reaching $102.67. 450,016 shares of the company traded hands, compared to its average volume of 966,610. The firm has a market capitalization of $10,630.76, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.51 and a beta of 0.84. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. Kansas City Southern’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. equities analysts anticipate that Kansas City Southern will post 5.22 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.40%. Kansas City Southern’s payout ratio is currently 28.29%.
Kansas City Southern declared that its board has initiated a stock repurchase plan on Tuesday, August 15th that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other Kansas City Southern news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $102.93, for a total value of $617,580.00. Following the sale, the insider now owns 42,087 shares in the company, valued at $4,332,014.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Antonio O. Garza sold 4,018 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total transaction of $433,702.92. Following the completion of the sale, the director now owns 4,920 shares in the company, valued at approximately $531,064.80. The disclosure for this sale can be found here. Insiders sold 11,991 shares of company stock worth $1,256,297 in the last 90 days. 0.95% of the stock is owned by company insiders.
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KSU has been the subject of several analyst reports. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a report on Thursday, August 24th. Cowen and Company restated a “hold” rating on shares of Kansas City Southern in a report on Friday, August 25th. Loop Capital restated a “buy” rating and set a $124.00 price objective (up from $118.00) on shares of Kansas City Southern in a report on Monday, October 23rd. BMO Capital Markets restated a “hold” rating and set a $109.00 price objective on shares of Kansas City Southern in a report on Monday, October 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $118.00 price objective on shares of Kansas City Southern in a report on Thursday, September 21st. Nine investment 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 company. The stock has a consensus rating of “Buy” and an average price target of $113.06.
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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