Pennsylvania Trust Co purchased a new stake in Kansas City Southern (NYSE:KSU) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 299,357 shares of the transportation company’s stock, valued at approximately $14,426,000. Pennsylvania Trust Co owned about 0.30% of Kansas City Southern as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. First Citizens Bank & Trust Co. acquired a new position in Kansas City Southern in the 1st quarter valued at $449,000. Foresters Investment Management Company Inc. raised its holdings in Kansas City Southern by 206.6% in the 4th quarter. Foresters Investment Management Company Inc. now owns 204,800 shares of the transportation company’s stock valued at $19,548,000 after acquiring an additional 138,000 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Kansas City Southern by 8.9% during the 4th quarter. IFM Investors Pty Ltd now owns 6,598 shares of the transportation company’s stock worth $630,000 after buying an additional 541 shares during the last quarter. RWC Asset Management LLP increased its holdings in shares of Kansas City Southern by 8.7% during the 4th quarter. RWC Asset Management LLP now owns 405,651 shares of the transportation company’s stock worth $38,719,000 after buying an additional 32,456 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Kansas City Southern during the 4th quarter worth $575,000. Institutional investors own 89.11% of the company’s stock.
Shares of Kansas City Southern stock opened at $117.99 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.06. Kansas City Southern has a twelve month low of $90.55 and a twelve month high of $120.34. The firm has a market cap of $11.83 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. Kansas City Southern had a net margin of 23.12% and a return on equity of 12.11%. The firm had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $669.08 million. During the same period in the prior year, the company earned $1.30 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Kansas City Southern will post 6.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 11th were given a dividend of $0.36 per share. The ex-dividend date was Friday, March 8th. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. Kansas City Southern’s dividend payout ratio (DPR) is 24.12%.
A number of analysts have recently commented on the company. Barclays dropped their price objective on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Citigroup upped their price objective on Kansas City Southern from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Bank of America restated a “buy” rating and set a $127.00 price objective (up from $122.00) on shares of Kansas City Southern in a report on Wednesday, March 20th. Loop Capital set a $132.00 price objective on Kansas City Southern and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Deutsche Bank restated a “buy” rating on shares of Kansas City Southern in a report on Wednesday, February 20th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has a consensus rating of “Buy” and an average price target of $125.16.
About Kansas City Southern
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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