Gofen & Glossberg LLC IL Has $12,421,000 Stake in Kansas City Southern (KSU)
Gofen & Glossberg LLC IL decreased its position in Kansas City Southern (NYSE:KSU) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,104 shares of the company’s stock after selling 2,724 shares during the period. Gofen & Glossberg LLC IL owned about 0.12% of Kansas City Southern worth $12,421,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in KSU. Homrich & Berg acquired a new position in shares of Kansas City Southern during the second quarter worth about $707,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Kansas City Southern by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 296,113 shares of the company’s stock worth $26,677,000 after buying an additional 1,481 shares during the period. National Investment Services Inc. WI acquired a new position in shares of Kansas City Southern during the second quarter worth about $1,940,000. Investment House LLC raised its position in shares of Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock worth $232,000 after buying an additional 22 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in shares of Kansas City Southern by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 33,141 shares of the company’s stock worth $2,985,000 after buying an additional 150 shares during the period. Institutional investors own 90.28% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) traded up 1.34% on Monday, reaching $88.74. The company’s stock had a trading volume of 1,512,987 shares. The company has a market cap of $9.55 billion, a P/E ratio of 19.66 and a beta of 0.89. Kansas City Southern has a 52-week low of $62.20 and a 52-week high of $100.69. The company has a 50 day moving average price of $89.67 and a 200 day moving average price of $92.18.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.10. The firm earned $605 million during the quarter, compared to the consensus estimate of $411.30 million. Kansas City Southern had a net margin of 20.90% and a return on equity of 11.57%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 earnings per share. On average, analysts anticipate that Kansas City Southern will post $4.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Friday, December 30th will be given a $0.33 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.32 dividend on an annualized basis and a yield of 1.49%. Kansas City Southern’s payout ratio is 29.33%.
Several analysts have recently weighed in on KSU shares. Vertical Research started coverage on Kansas City Southern in a report on Tuesday, October 11th. They issued a “hold” rating for the company. Credit Suisse Group AG restated a “hold” rating and issued a $101.00 price objective on shares of Kansas City Southern in a report on Tuesday, September 13th. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Tuesday, September 20th. BMO Capital Markets restated a “market perform” rating and issued a $98.00 price objective on shares of Kansas City Southern in a report on Tuesday, October 4th. Finally, Loop Capital restated a “buy” rating on shares of Kansas City Southern in a report on Friday, September 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $99.82.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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