Ladenburg Thalmann Financial Services Inc. decreased its holdings in shares of Kansas City Southern (NYSE:KSU) by 32.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,816 shares of the transportation company’s stock after selling 2,749 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Kansas City Southern were worth $711,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. First Manhattan Co. increased its stake in Kansas City Southern by 3.0% during the second quarter. First Manhattan Co. now owns 17,165 shares of the transportation company’s stock valued at $2,091,000 after purchasing an additional 500 shares during the last quarter. RFG Advisory LLC increased its stake in Kansas City Southern by 6.5% during the second quarter. RFG Advisory LLC now owns 2,456 shares of the transportation company’s stock valued at $299,000 after purchasing an additional 149 shares during the last quarter. Covington Capital Management bought a new stake in Kansas City Southern during the second quarter valued at $37,000. Factorial Partners LLC increased its stake in Kansas City Southern by 142.2% during the second quarter. Factorial Partners LLC now owns 15,500 shares of the transportation company’s stock valued at $1,888,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Kansas City Southern during the second quarter valued at $5,609,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.
KSU has been the subject of several analyst reports. Morgan Stanley reduced their price target on shares of Kansas City Southern from $121.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Raymond James boosted their price target on shares of Kansas City Southern from $140.00 to $141.00 and gave the company a “strong-buy” rating in a report on Monday, July 22nd. Cascend Securities downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Loop Capital boosted their price target on shares of Kansas City Southern to $144.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Cowen set a $136.00 price target on shares of Kansas City Southern and gave the company a “buy” rating in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $130.29.
In related news, Director Robert J. Druten sold 2,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $125.04, for a total value of $312,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Warren K. Erdman sold 6,840 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $127.39, for a total transaction of $871,347.60. The disclosure for this sale can be found here. Insiders sold 11,730 shares of company stock valued at $1,482,378 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.
KSU stock opened at $133.50 on Friday. The company has a market capitalization of $12.89 billion, a P/E ratio of 20.45, a PEG ratio of 1.28 and a beta of 0.94. The company has a 50-day simple moving average of $128.82 and a 200 day simple moving average of $122.30. Kansas City Southern has a fifty-two week low of $90.55 and a fifty-two week high of $134.70. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.47.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 19th. The transportation company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $714.00 million during the quarter, compared to the consensus estimate of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share. Equities analysts anticipate that Kansas City Southern will post 6.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Monday, September 9th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, September 6th. Kansas City Southern’s payout ratio is currently 24.12%.
Kansas City Southern Profile
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company serves a ten-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 ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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