Arrowstreet Capital Limited Partnership grew its stake in Kansas City Southern (NYSE:KSU) by 604.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,500 shares of the transportation company’s stock after buying an additional 76,800 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Kansas City Southern were worth $9,417,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of KSU. Impala Asset Management LLC lifted its holdings in shares of Kansas City Southern by 4,730.9% in the 3rd quarter. Impala Asset Management LLC now owns 458,353 shares of the transportation company’s stock valued at $49,814,000 after buying an additional 448,865 shares during the period. Ardevora Asset Management LLP purchased a new position in shares of Kansas City Southern in the 3rd quarter valued at about $35,593,000. Point72 Asset Management L.P. increased its stake in shares of Kansas City Southern by 2,421.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 293,897 shares of the transportation company’s stock valued at $31,941,000 after purchasing an additional 282,239 shares in the last quarter. LGT Capital Partners LTD. purchased a new position in shares of Kansas City Southern in the 4th quarter valued at about $23,846,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Kansas City Southern in the 3rd quarter valued at about $23,623,000. 83.75% of the stock is owned by institutional investors and hedge funds.
In other Kansas City Southern news, COO Jeffrey M. Songer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $111.80, for a total transaction of $335,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry J. Maier acquired 1,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $104.35 per share, with a total value of $104,350.00. Following the completion of the purchase, the director now owns 5,159 shares in the company, valued at approximately $538,341.65. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, January 19th. The transportation company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $660.40 million during the quarter, compared to analyst estimates of $658.33 million. During the same period in the previous year, the business earned $1.21 EPS. Kansas City Southern’s quarterly revenue was up 10.3% on a year-over-year basis. equities analysts anticipate that Kansas City Southern will post 6.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Monday, March 12th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, March 9th. This represents a $1.44 annualized dividend and a yield of 1.40%. Kansas City Southern’s dividend payout ratio (DPR) is currently 27.59%.
Several equities analysts recently weighed in on KSU shares. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, January 24th. Goldman Sachs Group started coverage on Kansas City Southern in a research note on Monday, November 13th. They issued a “neutral” rating and a $109.00 price target for the company. Finally, BMO Capital Markets restated a “hold” rating and issued a $109.00 price target on shares of Kansas City Southern in a research note on Friday, November 24th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $115.33.
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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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