Connor Clark & Lunn Investment Management Ltd. Takes Position in Kansas City Southern (KSU)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kansas City Southern (NYSE:KSU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,175 shares of the transportation company’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KSU. Baird Financial Group Inc. lifted its position in shares of Kansas City Southern by 18.3% during the third quarter. Baird Financial Group Inc. now owns 41,299 shares of the transportation company’s stock valued at $4,813,000 after buying an additional 6,374 shares during the last quarter. Wafra Inc. lifted its position in shares of Kansas City Southern by 41.6% during the third quarter. Wafra Inc. now owns 156,783 shares of the transportation company’s stock valued at $17,760,000 after buying an additional 46,040 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Kansas City Southern by 16.9% during the third quarter. Brown Advisory Inc. now owns 16,025 shares of the transportation company’s stock valued at $1,815,000 after buying an additional 2,311 shares during the last quarter. Aviva PLC lifted its position in shares of Kansas City Southern by 41.5% during the third quarter. Aviva PLC now owns 73,435 shares of the transportation company’s stock valued at $8,319,000 after buying an additional 21,533 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Kansas City Southern during the third quarter valued at about $927,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

In other Kansas City Southern news, Director Henry J. Maier purchased 1,000 shares of Kansas City Southern stock in a transaction on Friday, October 26th. The stock was bought at an average cost of $102.68 per share, with a total value of $102,680.00. Following the transaction, the director now owns 7,122 shares of the company’s stock, valued at approximately $731,286.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Shares of Kansas City Southern stock opened at $97.80 on Tuesday. The company has a market capitalization of $9.99 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.26 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. Kansas City Southern has a 52 week low of $95.19 and a 52 week high of $120.34.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.57. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $708.19 million. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. Kansas City Southern’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.35 EPS. Analysts expect that Kansas City Southern will post 5.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 16th. Shareholders of record on Monday, December 31st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, December 28th. Kansas City Southern’s dividend payout ratio is presently 27.43%.

Several research firms have commented on KSU. BMO Capital Markets decreased their price target on shares of Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Zacks Investment Research raised shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Deutsche Bank raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Monday, October 15th. ValuEngine raised shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Citigroup decreased their price objective on shares of Kansas City Southern from $123.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $126.64.

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Kansas City Southern Company Profile

Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.

Read More: Price to Earnings Ratio (PE)

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

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