IHT Wealth Management LLC grew its position in shares of Kansas City Southern (NYSE:KSU) by 23.5% during the third quarter, HoldingsChannel.com reports. The firm owned 2,626 shares of the transportation company’s stock after purchasing an additional 500 shares during the period. IHT Wealth Management LLC’s holdings in Kansas City Southern were worth $349,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Horan Capital Advisors LLC. acquired a new position in Kansas City Southern during the 3rd quarter worth about $28,000. Rehmann Capital Advisory Group increased its stake in shares of Kansas City Southern by 81.3% in the second quarter. Rehmann Capital Advisory Group now owns 223 shares of the transportation company’s stock valued at $27,000 after buying an additional 100 shares during the period. Berman Capital Advisors LLC increased its stake in shares of Kansas City Southern by 164.8% in the second quarter. Berman Capital Advisors LLC now owns 241 shares of the transportation company’s stock valued at $29,000 after buying an additional 150 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Kansas City Southern by 1,288.9% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 250 shares of the transportation company’s stock worth $33,000 after acquiring an additional 232 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Kansas City Southern in the second quarter worth approximately $32,000. Institutional investors own 88.23% of the company’s stock.
In other news, CAO Suzanne M. Grafton sold 806 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $155.64, for a total value of $125,445.84. Following the completion of the sale, the chief accounting officer now directly owns 9,791 shares in the company, valued at approximately $1,523,871.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Warren K. Erdman sold 6,840 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $127.39, for a total value of $871,347.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,318 shares of company stock valued at $2,645,128. Insiders own 0.82% of the company’s stock.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 18th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.15. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $734.39 million. Kansas City Southern had a net margin of 20.23% and a return on equity of 13.03%. Kansas City Southern’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. Analysts anticipate that Kansas City Southern will post 6.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Tuesday, December 31st will be paid a $0.40 dividend. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, December 30th. Kansas City Southern’s payout ratio is 24.12%.
KSU has been the subject of a number of recent analyst reports. Credit Suisse Group set a $158.00 target price on shares of Kansas City Southern and gave the company a “buy” rating in a research report on Friday, October 18th. Raymond James boosted their price target on shares of Kansas City Southern from $151.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 21st. Deutsche Bank reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Kansas City Southern in a research note on Monday, October 21st. They noted that the move was a valuation call. Wells Fargo & Co began coverage on shares of Kansas City Southern in a research report on Monday, October 28th. They set a “market perform” rating and a $73.00 price objective for the company. Finally, Loop Capital increased their price objective on shares of Kansas City Southern to $160.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern has an average rating of “Buy” and an average target price of $141.59.
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.
Recommended Story: Trading Ex-Dividend Strategy
Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).
Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.