Ardevora Asset Management LLP Purchases New Position in Kansas City Southern (KSU)
Ardevora Asset Management LLP purchased a new position in shares of Kansas City Southern (NYSE:KSU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 327,500 shares of the transportation company’s stock, valued at approximately $35,593,000. Ardevora Asset Management LLP owned about 0.32% of Kansas City Southern as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. QS Investors LLC lifted its stake in shares of Kansas City Southern by 0.5% during the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after acquiring an additional 7 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Kansas City Southern by 0.4% during the 2nd quarter. Savant Capital LLC now owns 3,214 shares of the transportation company’s stock worth $336,000 after acquiring an additional 13 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Kansas City Southern by 1.2% during the 2nd quarter. Moors & Cabot Inc. now owns 4,277 shares of the transportation company’s stock worth $447,000 after acquiring an additional 51 shares during the last quarter. First Manhattan Co. lifted its stake in shares of Kansas City Southern by 1.2% during the 2nd quarter. First Manhattan Co. now owns 4,547 shares of the transportation company’s stock worth $475,000 after acquiring an additional 52 shares during the last quarter. Finally, Financial Counselors Inc. lifted its stake in shares of Kansas City Southern by 0.4% during the 2nd quarter. Financial Counselors Inc. now owns 12,230 shares of the transportation company’s stock worth $1,280,000 after acquiring an additional 54 shares during the last quarter. 85.74% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on KSU shares. Credit Suisse Group raised their price target on Kansas City Southern from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Bank of America Corporation raised their price objective on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, UBS AG restated a “positive” rating and set a $117.00 price objective (up from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $113.06.
Shares of Kansas City Southern (NYSE:KSU) traded up $0.32 during trading hours on Tuesday, hitting $105.12. The stock had a trading volume of 691,800 shares, compared to its average volume of 1,256,359. Kansas City Southern has a twelve month low of $79.05 and a twelve month high of $109.13. The stock has a market cap of $10,880.00, a P/E ratio of 21.09, a PEG ratio of 1.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The firm had revenue of $653.00 million for the quarter, compared to the consensus estimate of $651.95 million. During the same period in the previous year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts forecast that Kansas City Southern will post 5.21 EPS for the current fiscal year.
Kansas City Southern declared that its Board of Directors has authorized a stock buyback program on Tuesday, August 15th that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.44 annualized dividend and a yield of 1.37%. Kansas City Southern’s dividend payout ratio (DPR) is 28.29%.
In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $102.93, for a total transaction of $617,580.00. Following the transaction, the insider now directly owns 42,087 shares in the company, valued at approximately $4,332,014.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Henry J. Maier bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $106.19 per share, for a total transaction of $318,570.00. Following the completion of the purchase, the director now owns 4,159 shares in the company, valued at $441,644.21. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 16,442 shares of company stock worth $1,727,525. 0.95% of the stock is owned by company insiders.
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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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