Nomura Asset Management Co. Ltd. reduced its stake in shares of Kansas City Southern (NYSE:KSU) by 29.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,085 shares of the transportation company’s stock after selling 23,699 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Kansas City Southern worth $6,204,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Impala Asset Management LLC increased its stake in shares of Kansas City Southern by 4,730.9% in the third quarter. Impala Asset Management LLC now owns 458,353 shares of the transportation company’s stock worth $49,814,000 after purchasing an additional 448,865 shares during the period. Sustainable Growth Advisers LP increased its stake in shares of Kansas City Southern by 19.7% in the second quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock worth $261,708,000 after purchasing an additional 412,275 shares during the period. Neuberger Berman Group LLC grew its position in Kansas City Southern by 57.8% during the second quarter. Neuberger Berman Group LLC now owns 935,974 shares of the transportation company’s stock worth $97,950,000 after buying an additional 342,800 shares in the last quarter. Ardevora Asset Management LLP acquired a new stake in Kansas City Southern during the third quarter worth about $35,593,000. Finally, Koch Industries Inc. acquired a new stake in Kansas City Southern during the second quarter worth about $306,000. Institutional investors own 83.62% of the company’s stock.
Shares of Kansas City Southern (KSU) opened at $111.59 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The firm has a market capitalization of $11,550.00, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.64 and a beta of 0.86. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $114.85.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s payout ratio is 28.29%.
Kansas City Southern announced that its board has authorized a share repurchase plan on Tuesday, August 15th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
A number of equities research analysts recently weighed in on KSU shares. Cowen lifted their target price on Kansas City Southern from $111.00 to $113.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Credit Suisse Group lifted their target price on Kansas City Southern from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. BMO Capital Markets reissued a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a research report on Monday, October 23rd. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $118.00 target price on shares of Kansas City Southern in a research report on Thursday, September 21st. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $113.06.
In other Kansas City Southern news, SVP Mary K. Stadler sold 1,973 shares of Kansas City Southern stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total transaction of $205,014.43. Following the sale, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at $634,058.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.95% of the stock is currently owned by insiders.
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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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