Daiwa Securities Group Inc. lowered its position in Kansas City Southern (NYSE:KSU) by 27.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,587 shares of the company’s stock after selling 15,650 shares during the period. Daiwa Securities Group Inc.’s holdings in Kansas City Southern were worth $3,881,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Homrich & Berg acquired a new position in Kansas City Southern during the second quarter worth approximately $707,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Kansas City Southern by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 296,113 shares of the company’s stock worth $26,677,000 after buying an additional 1,481 shares during the last quarter. National Investment Services Inc. WI acquired a new position in Kansas City Southern during the second quarter worth approximately $1,940,000. Investment House LLC boosted its position in Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock worth $232,000 after buying an additional 22 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Kansas City Southern by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 33,141 shares of the company’s stock worth $2,985,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
Kansas City Southern (NYSE:KSU) traded up 1.22% during mid-day trading on Monday, hitting $88.86. 408,557 shares of the company’s stock were exchanged. The stock has a market cap of $9.56 billion, a PE ratio of 19.69 and a beta of 0.89. Kansas City Southern has a 12 month low of $62.20 and a 12 month 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 announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.10. The company earned $605 million during the quarter, compared to analysts’ expectations of $411.30 million. Kansas City Southern had a net margin of 20.90% and a return on equity of 11.57%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. Equities analysts expect that Kansas City Southern will post $4.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 18th. Investors of record on Friday, December 30th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, December 28th. Kansas City Southern’s payout ratio is currently 29.33%.
KSU has been the subject of several research reports. Seaport Global Securities initiated coverage on shares of Kansas City Southern in a research report on Wednesday, October 19th. They set an “accumulate” rating and a $104.00 price objective for the company. Loop Capital restated a “buy” rating and set a $113.00 price objective (down from $115.00) on shares of Kansas City Southern in a research report on Wednesday, October 5th. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Wednesday, August 3rd. Citigroup Inc. raised their price objective on shares of Kansas City Southern from $109.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Finally, Aegis assumed coverage on shares of Kansas City Southern in a research report on Monday, October 24th. They issued a “buy” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price 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.