SeaBridge Investment Advisors LLC Acquires 937 Shares of Kansas City Southern (KSU)
SeaBridge Investment Advisors LLC raised its holdings in Kansas City Southern (NYSE:KSU) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,506 shares of the transportation company’s stock after buying an additional 937 shares during the period. Kansas City Southern comprises about 1.7% of SeaBridge Investment Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. SeaBridge Investment Advisors LLC’s holdings in Kansas City Southern were worth $7,945,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of KSU. Impala Asset Management LLC increased its stake in Kansas City Southern by 4,730.9% in the third 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 during the period. Ardevora Asset Management LLP acquired a new position in Kansas City Southern in the third quarter valued at $35,593,000. Koch Industries Inc. acquired a new position in Kansas City Southern in the second quarter valued at $306,000. Point72 Asset Management L.P. increased its stake in Kansas City Southern by 2,421.0% in the third 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 during the period. Finally, Janus Henderson Group PLC increased its stake in Kansas City Southern by 1,496.4% in the second 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 during the period. Institutional investors own 84.07% of the company’s stock.
A number of research firms have commented on KSU. BMO Capital Markets restated a “hold” rating and issued a $109.00 price objective on shares of Kansas City Southern in a research note on Monday, October 23rd. Citigroup restated a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of Kansas City Southern in a research note on Wednesday, October 4th. Cowen lifted their price objective on shares of Kansas City Southern from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Barclays lifted their price objective on shares of Kansas City Southern from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Loop Capital restated a “buy” rating and issued a $124.00 price objective (up from $118.00) on shares of Kansas City Southern in a research note on Monday, October 23rd. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $113.81.
Shares of Kansas City Southern (KSU) traded up $0.96 during trading hours on Tuesday, hitting $110.96. 1,555,300 shares of the stock traded hands, compared to its average volume of 1,803,721. The stock has a market capitalization of $11,490.00, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.87. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. Kansas City Southern has a 1-year low of $81.54 and a 1-year high of $114.85.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.02. The business had revenue of $660.40 million for the quarter, compared to the consensus estimate of $658.33 million. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.34%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. sell-side analysts forecast that Kansas City Southern will post 6.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, December 28th. Kansas City Southern’s payout ratio is 15.62%.
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About Kansas City Southern
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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