Deprince Race & Zollo Inc. Has $2,061,000 Position in Kansas City Southern (KSU)
Deprince Race & Zollo Inc. raised its position in shares of Kansas City Southern (NYSE:KSU) by 13.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 22,090 shares of the company’s stock after buying an additional 2,680 shares during the period. Deprince Race & Zollo Inc.’s holdings in Kansas City Southern were worth $2,061,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of KSU. Vanguard Group Inc. boosted its stake in Kansas City Southern by 1.4% in the second quarter. Vanguard Group Inc. now owns 9,452,097 shares of the company’s stock worth $851,539,000 after buying an additional 133,749 shares during the period. Winslow Capital Management LLC acquired a new stake in Kansas City Southern during the second quarter worth about $261,621,000. Waddell & Reed Financial Inc. boosted its stake in Kansas City Southern by 14.8% in the second quarter. Waddell & Reed Financial Inc. now owns 2,558,753 shares of the company’s stock worth $230,518,000 after buying an additional 330,177 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Kansas City Southern by 2.0% in the second quarter. TIAA CREF Investment Management LLC now owns 1,254,163 shares of the company’s stock worth $112,988,000 after buying an additional 24,053 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Kansas City Southern by 19.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,202,099 shares of the company’s stock worth $108,290,000 after buying an additional 191,963 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) traded up 0.79% during midday trading on Monday, hitting $88.48. 1,365,283 shares of the stock traded hands. The company has a market capitalization of $9.52 billion, a P/E ratio of 19.60 and a beta of 0.89. The stock has a 50 day moving average of $89.03 and a 200 day moving average of $92.06. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Tuesday, October 18th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.22 by $0.10. The company earned $605 million during the quarter, compared to analyst estimates of $411.30 million. Kansas City Southern had a net margin of 20.90% and a return on equity of 11.57%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Equities research analysts predict that Kansas City Southern will post $4.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, December 28th. Kansas City Southern’s dividend payout ratio is 29.33%.
A number of analysts have issued reports on KSU shares. Zacks Investment Research cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Kansas City Southern in a research note on Wednesday, November 9th. Loop Capital restated a “buy” rating on shares of Kansas City Southern in a research note on Friday, September 9th. Aegis cut shares of Kansas City Southern from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $105.00 to $95.00 in a research note on Wednesday, November 9th. Finally, Citigroup Inc. boosted their price objective on shares of Kansas City Southern from $109.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average 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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