Trading Report: The Kentucky Retirement Systems Insurance Trust Fund Buys 4,360 Shares of Kansas City Southern (KSU)

The Kentucky Retirement Systems Insurance Trust Fund Buys 4,360  Shares of Kansas City Southern (KSU)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Kansas City Southern (NYSE:KSU) during the second quarter, Holdings Channel reports. The firm acquired 4,360 shares of the company’s stock, valued at approximately $393,000.

Other hedge funds have also added to or reduced their stakes in the company. Kentucky Retirement Systems purchased a new position in shares of Kansas City Southern during the second quarter worth approximately $827,000. Nomura Holdings Inc. increased its position in shares of Kansas City Southern by 10,267.3% in the second quarter. Nomura Holdings Inc. now owns 417,699 shares of the company’s stock worth $37,740,000 after buying an additional 413,670 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of Kansas City Southern during the second quarter worth approximately $1,310,000. Royal Bank of Canada increased its position in shares of Kansas City Southern by 56.8% in the second quarter. Royal Bank of Canada now owns 124,287 shares of the company’s stock worth $11,198,000 after buying an additional 45,029 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Kansas City Southern by 38.9% in the second quarter. Public Employees Retirement System of Ohio now owns 59,973 shares of the company’s stock worth $5,403,000 after buying an additional 16,783 shares in the last quarter. 90.28% of the stock is owned by institutional investors.

Shares of Kansas City Southern (NYSE:KSU) traded down 0.37% on Friday, hitting $87.79. The stock had a trading volume of 495,852 shares. The firm has a 50 day moving average of $89.13 and a 200 day moving average of $92.08. Kansas City Southern has a 12 month low of $62.20 and a 12 month high of $100.69. The stock has a market cap of $9.44 billion, a P/E ratio of 19.45 and a beta of 0.89.

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

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

A number of brokerages have commented on KSU. Loop Capital reiterated a “buy” rating on shares of Kansas City Southern in a report on Friday, September 9th. Atlantic Securities began coverage on shares of Kansas City Southern in a report on Thursday, August 11th. They issued a “neutral” rating and a $113.00 target price for the company. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Credit Suisse Group AG restated a “hold” rating and set a $101.00 price objective on shares of Kansas City Southern in a report on Tuesday, September 13th. Finally, Citigroup Inc. upped their price objective on shares of Kansas City Southern from $109.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average 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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