Allianz Asset Management GmbH raised its stake in Kansas City Southern (NYSE:KSU) by 26.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,998,103 shares of the transportation company’s stock after buying an additional 423,999 shares during the quarter. Allianz Asset Management GmbH’s holdings in Kansas City Southern were worth $210,240,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in Kansas City Southern in the fourth quarter valued at about $116,000. Tower Research Capital LLC TRC grew its stake in Kansas City Southern by 182.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the transportation company’s stock valued at $149,000 after purchasing an additional 914 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Kansas City Southern in the third quarter valued at about $160,000. Pineno Levin & Ford Asset Management Inc. purchased a new position in Kansas City Southern in the fourth quarter valued at about $251,000. Finally, Narwhal Capital Management purchased a new position in Kansas City Southern in the fourth quarter valued at about $251,000. Institutional investors own 83.75% of the company’s stock.
Several research firms have issued reports on KSU. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Tuesday. BMO Capital Markets reiterated a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research note on Friday, November 24th. Finally, Goldman Sachs Group began coverage on Kansas City Southern in a research note on Monday, November 13th. They issued a “neutral” rating and a $109.00 target price on the stock. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $115.33.
Shares of Kansas City Southern (NYSE KSU) opened at $105.85 on Wednesday. Kansas City Southern has a 52 week low of $81.54 and a 52 week high of $114.85. The firm has a market capitalization of $11,214.29, a PE ratio of 11.49, a PEG ratio of 1.34 and a beta of 0.83. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.02. Kansas City Southern had a return on equity of 12.07% and a net margin of 37.24%. The business had revenue of $660.40 million for the quarter, compared to analyst estimates of $658.33 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. research analysts forecast that Kansas City Southern will post 6.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Monday, March 12th will be given a $0.36 dividend. The ex-dividend date is Friday, March 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.36%. Kansas City Southern’s dividend payout ratio is currently 15.64%.
Kansas City Southern Profile
Kansas City Southern (KCS) is a holding company. The Company has 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’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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