NuWave Investment Management LLC Takes Position in Kansas City Southern (KSU)
NuWave Investment Management LLC purchased a new stake in Kansas City Southern (NYSE:KSU) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,389 shares of the transportation company’s stock, valued at approximately $777,000.
Other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in Kansas City Southern in the 4th quarter valued at about $116,000. Howe & Rusling Inc. bought a new position in Kansas City Southern in the 3rd quarter valued at about $130,000. QS Investors LLC raised its holdings in Kansas City Southern by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 7 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Kansas City Southern in the 3rd quarter valued at about $160,000. Finally, Cetera Investment Advisers bought a new position in Kansas City Southern in the 2nd quarter valued at about $233,000. 84.50% of the stock is currently owned by hedge funds and other institutional investors.
KSU has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a report on Monday, October 23rd. Cowen raised their target price on shares of Kansas City Southern from $111.00 to $113.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Barclays raised their target price on shares of Kansas City Southern from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Loop Capital reaffirmed a “buy” rating and set a $124.00 target price (up from $118.00) on shares of Kansas City Southern in a report on Monday, October 23rd. Finally, Zacks Investment Research cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $115.47.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, January 19th. The transportation company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.02. The business had revenue of $660.40 million for the quarter, compared to analysts’ expectations of $658.33 million. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. research analysts predict that Kansas City Southern will post 6.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Monday, March 12th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.39%. Kansas City Southern’s dividend payout ratio (DPR) is 15.64%.
In related news, COO Jeffrey M. Songer sold 3,000 shares of Kansas City Southern stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total value of $335,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Brian D. Hancock sold 2,325 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $113.00, for a total transaction of $262,725.00. Following the completion of the transaction, the chief marketing officer now directly owns 19,455 shares in the company, valued at $2,198,415. The disclosure for this sale can be found here. 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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