Heathbridge Capital Management Ltd. Trims Stake in Kansas City Southern (KSU)
Heathbridge Capital Management Ltd. decreased its holdings in shares of Kansas City Southern (NYSE:KSU) by 26.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,850 shares of the transportation company’s stock after selling 1,400 shares during the period. Kansas City Southern comprises approximately 0.1% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 25th biggest holding. Heathbridge Capital Management Ltd.’s holdings in Kansas City Southern were worth $405,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of KSU. Impala Asset Management LLC boosted its position in shares of Kansas City Southern by 4,730.9% during the 3rd quarter. Impala Asset Management LLC now owns 458,353 shares of the transportation company’s stock valued at $49,814,000 after purchasing an additional 448,865 shares in the last quarter. Ardevora Asset Management LLP bought a new position in shares of Kansas City Southern during the 3rd quarter valued at about $35,593,000. Koch Industries Inc. bought a new position in shares of Kansas City Southern during the 2nd quarter valued at about $306,000. Point72 Asset Management L.P. boosted its position in shares of Kansas City Southern by 2,421.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 293,897 shares of the transportation company’s stock valued at $31,941,000 after purchasing an additional 282,239 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Kansas City Southern by 1,496.4% during the 2nd quarter. Janus Henderson Group PLC now owns 274,554 shares of the transportation company’s stock valued at $28,732,000 after purchasing an additional 257,356 shares in the last quarter. Institutional investors own 83.57% of the company’s stock.
Several equities analysts have recently weighed in on KSU shares. Stifel Nicolaus restated a “buy” rating and set a $118.00 price objective on shares of Kansas City Southern in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Monday, October 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $88.00 price objective (down from $93.00) on shares of Kansas City Southern in a research note on Monday, October 2nd. Citigroup reaffirmed a “buy” rating and set a $123.00 price objective (up from $116.00) on shares of Kansas City Southern in a research note on Wednesday, October 4th. Finally, Bank of America raised shares of Kansas City Southern from a “neutral” rating to a “buy” rating and upped their price objective for the company from $113.00 to $116.00 in a research note on Tuesday, October 10th. Eight investment 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 company has a consensus rating of “Buy” and a consensus target price of $113.18.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $653.00 million during the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. equities research analysts predict that Kansas City Southern will post 5.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s dividend payout ratio (DPR) is 28.29%.
In related news, COO Jeffrey M. Songer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total transaction of $335,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mary K. Stadler sold 1,973 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total transaction of $205,014.43. Following the transaction, the senior vice president now directly owns 6,102 shares in the company, valued at approximately $634,058.82. The disclosure for this sale can be found here. 0.95% of the stock is owned by corporate insiders.
Kansas City Southern Company 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.
Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).
Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.