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.