State Treasurer State of Michigan raised its stake in shares of Kansas City Southern (NYSE:KSU) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,700 shares of the company’s stock after buying an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in Kansas City Southern were worth $3,518,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KSU. Seven Bridges Advisors LLC boosted its position in shares of Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the company’s stock valued at $108,000 after buying an additional 277 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of Kansas City Southern by 494.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,319 shares of the company’s stock valued at $123,000 after buying an additional 1,097 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in shares of Kansas City Southern by 57.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,425 shares of the company’s stock valued at $128,000 after buying an additional 522 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Kansas City Southern by 1,065.2% in the second quarter. Meeder Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $138,000 after buying an additional 1,406 shares during the period. Finally, Washington Trust Bank boosted its position in shares of Kansas City Southern by 3.2% in the third quarter. Washington Trust Bank now owns 1,651 shares of the company’s stock valued at $154,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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

Kansas City Southern (NYSE:KSU) traded down 0.60% during mid-day trading on Tuesday, reaching $87.95. 918,189 shares of the company were exchanged. The stock has a 50-day moving average price of $89.03 and a 200 day moving average price of $92.06. The company has a market capitalization of $9.46 billion, a PE ratio of 19.48 and a beta of 0.89. Kansas City Southern has a one year low of $62.20 and a one year high of $100.69.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.10. The company had revenue of $605 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. Analysts predict that Kansas City Southern will post $4.58 EPS for the current year.

The business 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, December 28th. Kansas City Southern’s payout ratio is currently 29.33%.

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Several equities analysts have issued reports on the stock. BMO Capital Markets restated a “market perform” rating and issued a $98.00 price target on shares of Kansas City Southern in a research report on Friday, October 21st. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Kansas City Southern in a research note on Tuesday, September 13th. Citigroup Inc. upped their price objective on shares of Kansas City Southern from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. Barclays PLC raised shares of Kansas City Southern from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $94.00 to $99.00 in a research note on Monday, September 12th. Finally, Atlantic Securities started coverage on shares of Kansas City Southern in a research note on Thursday, August 11th. They issued a “neutral” rating and a $113.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $99.82.

Kansas City Southern Company Profile

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.

5 Day Chart for NYSE:KSU

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