Todays Report: Today, Arizona State Retirement System invests in Kansas City Southern (KSU) Shares

Today, Arizona State Retirement System invests in Kansas City Southern (KSU) Shares

Arizona State Retirement System boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 26,600 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Kansas City Southern were worth $2,482,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in KSU. First Trust Advisors LP raised its stake in shares of Kansas City Southern by 5.7% in the third quarter. First Trust Advisors LP now owns 110,229 shares of the company’s stock valued at $10,287,000 after buying an additional 5,993 shares during the period. SignalPoint Asset Management LLC raised its stake in shares of Kansas City Southern by 4.2% in the third quarter. SignalPoint Asset Management LLC now owns 2,885 shares of the company’s stock valued at $269,000 after buying an additional 115 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Kansas City Southern during the third quarter valued at $892,000. WCM Investment Management CA raised its stake in shares of Kansas City Southern by 4.8% in the third quarter. WCM Investment Management CA now owns 96,370 shares of the company’s stock valued at $8,993,000 after buying an additional 4,376 shares during the period. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Kansas City Southern by 287.5% in the third quarter. Virginia Retirement Systems ET AL now owns 15,500 shares of the company’s stock valued at $1,446,000 after buying an additional 11,500 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Shares of Kansas City Southern (NYSE:KSU) opened at 87.79 on Friday. The company has a market cap of $9.44 billion, a P/E ratio of 19.45 and a beta of 0.89. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69. The stock’s 50 day moving average price is $89.13 and its 200 day moving average price is $92.08.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.10. Kansas City Southern had a return on equity of 11.57% and a net margin of 20.90%. The company earned $605 million during the quarter, compared to the consensus estimate of $411.30 million. During the same quarter in the prior year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts forecast that Kansas City Southern will post $4.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, December 28th. This represents a $1.32 annualized dividend and a yield of 1.50%. Kansas City Southern’s dividend payout ratio is presently 29.33%.

A number of brokerages have recently issued reports on KSU. Citigroup Inc. lowered Kansas City Southern to a “market perform” rating in a research report on Wednesday, November 9th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Kansas City Southern in a research report on Wednesday, November 9th. Aegis lowered Kansas City Southern from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $95.00 in a research report on Wednesday, November 9th. Bank of America Corp. lowered Kansas City Southern from a “buy” rating to a “neutral” rating and set a $94.00 target price on the stock. in a research report on Wednesday, November 9th. Finally, Zacks Investment Research raised Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $99.82.

About Kansas City Southern

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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