Wolverine Asset Management LLC purchased a new stake in Kansas City Southern (NYSE:KSU) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,000 shares of the transportation company’s stock, valued at approximately $1,052,000.
Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in Kansas City Southern by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 11,135 shares of the transportation company’s stock worth $1,172,000 after purchasing an additional 461 shares in the last quarter. Norinchukin Bank The lifted its stake in Kansas City Southern by 6.6% in the 3rd quarter. Norinchukin Bank The now owns 7,846 shares of the transportation company’s stock worth $853,000 after purchasing an additional 484 shares in the last quarter. Gofen & Glossberg LLC IL lifted its stake in Kansas City Southern by 0.4% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 135,508 shares of the transportation company’s stock worth $14,727,000 after purchasing an additional 490 shares in the last quarter. Creative Planning lifted its stake in Kansas City Southern by 9.0% in the 4th quarter. Creative Planning now owns 6,273 shares of the transportation company’s stock worth $660,000 after purchasing an additional 518 shares in the last quarter. Finally, Hosking Partners LLP lifted its stake in Kansas City Southern by 0.5% in the 3rd quarter. Hosking Partners LLP now owns 113,532 shares of the transportation company’s stock worth $12,339,000 after purchasing an additional 523 shares in the last quarter. 87.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on KSU shares. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Tuesday, December 12th. Morgan Stanley reissued an “equal weight” rating and issued a $102.00 target price (up from $97.00) on shares of Kansas City Southern in a research note on Thursday, March 8th. BMO Capital Markets reissued a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research note on Friday, November 24th. Goldman Sachs Group started coverage on shares of 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. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $121.00 target price (down from $126.00) on shares of Kansas City Southern in a research note on Thursday, March 8th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $115.53.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.02. The business had revenue of $660.40 million during the quarter, compared to the consensus estimate of $658.33 million. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. research analysts forecast that Kansas City Southern will post 6.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.29%. Kansas City Southern’s dividend payout ratio is currently 15.64%.
In other news, Director Henry J. Maier purchased 1,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $104.35 per share, for a total transaction of $104,350.00. Following the acquisition, the director now directly owns 5,159 shares of the company’s stock, valued at $538,341.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Brian D. Hancock sold 2,325 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $113.00, for a total transaction of $262,725.00. Following the sale, the chief marketing officer now owns 19,455 shares of the company’s stock, valued at approximately $2,198,415. The disclosure for this sale can be found here. 0.95% of the stock is owned by company 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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