Candriam Luxembourg S.C.A. bought a new position in shares of Kansas City Southern (NYSE:KSU) during the second quarter, Holdings Channel reports. The institutional investor bought 3,951 shares of the company’s stock, valued at approximately $356,000.
Other large investors have also recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC raised its stake in Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the company’s stock worth $108,000 after buying an additional 277 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Kansas City Southern by 1,065.2% in the second quarter. Meeder Asset Management Inc. now owns 1,538 shares of the company’s stock worth $138,000 after buying an additional 1,406 shares during the last quarter. ING Groep NV purchased a new stake in Kansas City Southern during the first quarter worth $213,000. Boothbay Fund Management LLC purchased a new stake in Kansas City Southern during the first quarter worth $215,000. Finally, Cleararc Capital Inc. purchased a new stake in Kansas City Southern during the first quarter worth $226,000. 91.32% of the stock is owned by institutional investors and hedge funds.
Kansas City Southern (NYSE:KSU) traded down 0.36% during mid-day trading on Thursday, hitting $93.26. 1,387,522 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $93.78 and a 200 day moving average of $92.67. The stock has a market capitalization of $10.07 billion, a P/E ratio of 20.30 and a beta of 1.14. Kansas City Southern has a 52 week low of $62.20 and a 52 week high of $100.69.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The firm had revenue of $569 million for the quarter, compared to analyst estimates of $572.20 million. Kansas City Southern had a net margin of 21.13% and a return on equity of 12.00%. Equities analysts forecast that Kansas City Southern will post $4.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.82%.
A number of equities research analysts recently weighed in on KSU shares. TheStreet raised shares of Kansas City Southern from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $108.00 price target on shares of Kansas City Southern in a report on Wednesday, July 6th. Bank of America Corp. reaffirmed a “buy” rating on shares of Kansas City Southern in a report on Tuesday, July 12th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Wednesday, August 3rd. Finally, Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Kansas City Southern in a report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $100.92.
In other Kansas City Southern news, insider David L. Starling sold 5,100 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $98.88, for a total value of $504,288.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP William J. Wochner sold 26,521 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total transaction of $2,607,544.72. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.
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.