Fred Alger Management Inc. Has $1.58 Million Holdings in Kansas City Southern (KSU)

Fred Alger Management Inc. reduced its stake in shares of Kansas City Southern (NYSE:KSU) by 22.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,050 shares of the transportation company’s stock after selling 4,252 shares during the quarter. Fred Alger Management Inc.’s holdings in Kansas City Southern were worth $1,584,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Delpha Capital Management LLC acquired a new stake in Kansas City Southern during the 4th quarter worth about $102,000. Cerebellum GP LLC acquired a new stake in Kansas City Southern during the 4th quarter worth about $116,000. Tower Research Capital LLC TRC grew its position in Kansas City Southern by 182.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the transportation company’s stock worth $149,000 after purchasing an additional 914 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Kansas City Southern during the 3rd quarter worth about $160,000. Finally, Scotia Capital Inc. acquired a new stake in Kansas City Southern during the 4th quarter worth about $223,000. 87.98% of the stock is currently owned by institutional investors.

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Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $102.00 price target (up from $97.00) on shares of Kansas City Southern in a research report on Thursday, March 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a $121.00 price target (down from $126.00) on shares of Kansas City Southern in a research report on Thursday, March 8th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $109.00 price target on shares of Kansas City Southern in a research report on Friday, November 24th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $115.53.

In related news, CMO Brian D. Hancock sold 2,325 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $113.00, for a total value of $262,725.00. Following the transaction, the chief marketing officer now directly owns 19,455 shares of the company’s stock, valued at approximately $2,198,415. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry J. Maier purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $104.35 per share, for a total transaction of $104,350.00. Following the completion of the purchase, the director now directly 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 owned by company insiders.

Shares of Kansas City Southern (NYSE:KSU) opened at $109.58 on Wednesday. Kansas City Southern has a 12-month low of $81.54 and a 12-month high of $114.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.70. The company has a market capitalization of $11,463.68, a PE ratio of 21.27, a PEG ratio of 1.37 and a beta of 0.89.

Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, January 19th. The transportation company reported $1.38 EPS for the quarter, beating 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 firm had revenue of $660.40 million for the quarter, compared to analysts’ expectations of $658.33 million. During the same period last year, the firm earned $1.21 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. analysts predict that Kansas City Southern will post 6.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, March 9th. Kansas City Southern’s dividend payout ratio (DPR) is presently 15.64%.

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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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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