Envestnet Asset Management Inc. grew its stake in shares of Kansas City Southern (NYSE:KSU) by 271.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,461 shares of the transportation company’s stock after buying an additional 6,185 shares during the period. Envestnet Asset Management Inc.’s holdings in Kansas City Southern were worth $896,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in Kansas City Southern during the second quarter worth $101,000. FNY Investment Advisers LLC purchased a new position in Kansas City Southern during the second quarter worth $105,000. Summit Trail Advisors LLC increased its position in Kansas City Southern by 9,893.5% during the first quarter. Summit Trail Advisors LLC now owns 162,495 shares of the transportation company’s stock worth $162,000 after buying an additional 160,869 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new position in Kansas City Southern during the second quarter worth $204,000. Finally, Cypress Asset Management Inc. TX purchased a new position in Kansas City Southern during the second quarter worth $219,000. 87.63% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the company. Raymond James lifted their price objective on Kansas City Southern from $128.00 to $133.00 and gave the company a “strong-buy” rating in a research report on Friday, August 31st. Cowen raised Kansas City Southern from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $124.00 to $138.00 in a research report on Wednesday, August 29th. Loop Capital lifted their price objective on Kansas City Southern to $132.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Zacks Investment Research raised Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, Credit Suisse Group lifted their price objective on Kansas City Southern from $125.00 to $126.00 and gave the company a “$111.08” rating in a research report on Monday, July 23rd. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $123.33.
KSU stock traded down $0.38 during trading on Friday, reaching $102.57. 1,737,474 shares of the stock traded hands, compared to its average volume of 1,152,000. Kansas City Southern has a 52-week low of $99.47 and a 52-week high of $120.34. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $11.57 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, July 20th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.02. Kansas City Southern had a return on equity of 12.01% and a net margin of 36.91%. The firm had revenue of $682.40 million during the quarter, compared to the consensus estimate of $686.12 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that Kansas City Southern will post 6.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Monday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, September 7th. Kansas City Southern’s dividend payout ratio (DPR) is presently 27.43%.
Kansas City Southern Profile
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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