Engineers Gate Manager LP Takes Position in Kansas City Southern (KSU)
Engineers Gate Manager LP purchased a new position in shares of Kansas City Southern (NYSE:KSU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,925 shares of the transportation company’s stock, valued at approximately $2,165,000.
Several other institutional investors also recently made changes to their positions in KSU. Janney Montgomery Scott LLC raised its position in shares of Kansas City Southern by 2.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,581 shares of the transportation company’s stock worth $1,003,000 after purchasing an additional 211 shares during the period. CIBC Asset Management Inc raised its position in shares of Kansas City Southern by 1.2% during the 2nd quarter. CIBC Asset Management Inc now owns 10,712 shares of the transportation company’s stock worth $1,121,000 after purchasing an additional 126 shares during the period. Sei Investments Co. raised its position in shares of Kansas City Southern by 25.2% during the 2nd quarter. Sei Investments Co. now owns 25,379 shares of the transportation company’s stock worth $2,655,000 after purchasing an additional 5,114 shares during the period. IFP Advisors Inc raised its position in shares of Kansas City Southern by 417.8% during the 2nd quarter. IFP Advisors Inc now owns 3,231 shares of the transportation company’s stock worth $338,000 after purchasing an additional 2,607 shares during the period. Finally, Advisor Partners LLC acquired a new stake in shares of Kansas City Southern during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 83.62% of the company’s stock.
Kansas City Southern (KSU) opened at $111.59 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The stock has a market capitalization of $11,550.00, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.64 and a beta of 0.86. Kansas City Southern has a one year low of $79.05 and a one year high of $114.85.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, December 28th. Kansas City Southern’s payout ratio is currently 28.29%.
Kansas City Southern declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
A number of brokerages have recently weighed in on KSU. BMO Capital Markets reiterated a “hold” rating and set a $109.00 price target on shares of Kansas City Southern in a research report on Friday, November 24th. Bank of America raised their target price on Kansas City Southern from $112.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 21st. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Thursday, August 24th. BidaskClub upgraded Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $88.00 target price (down from $93.00) on shares of Kansas City Southern in a research report on Monday, October 2nd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $113.06.
In other Kansas City Southern news, SVP Mary K. Stadler sold 1,973 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total transaction of $205,014.43. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.95% of the company’s stock.
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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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