Kansas City Southern (KSU) Holding Grow by Artisan Partners Limited Partnership

Kansas City Southern (KSU) Holding Grow by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership boosted its position in Kansas City Southern (NYSE:KSU) by 109.1% during the first quarter, Holdings Channel reports. The fund owned 233,588 shares of the transportation company’s stock after buying an additional 121,879 shares during the period. Artisan Partners Limited Partnership’s holdings in Kansas City Southern were worth $20,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new stake in Kansas City Southern during the third quarter worth about $108,000. Intellectus Partners LLC purchased a new stake in Kansas City Southern during the fourth quarter worth about $111,000. WFG Advisors LP increased its stake in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after buying an additional 302 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Kansas City Southern during the fourth quarter worth about $123,000. Finally, Financial Architects Inc increased its stake in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock worth $131,000 after buying an additional 1,115 shares during the last quarter. 90.48% of the stock is currently owned by institutional investors and hedge funds.

Kansas City Southern (NYSE:KSU) traded down 0.28% during trading on Friday, reaching $95.53. The company had a trading volume of 590,430 shares. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 19.82 and a beta of 0.91. The company’s 50-day moving average is $90.91 and its 200 day moving average is $87.20. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $100.69.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, April 21st. The transportation company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The company had revenue of $609.50 million for the quarter, compared to analyst estimates of $600.66 million. Kansas City Southern had a net margin of 20.48% and a return on equity of 11.14%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities analysts anticipate that Kansas City Southern will post $5.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Monday, June 12th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 8th. Kansas City Southern’s payout ratio is presently 29.80%.

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $114.00 price objective on shares of Kansas City Southern in a research note on Tuesday, April 11th. Cowen and Company lifted their price objective on Kansas City Southern from $94.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, April 24th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $90.00 price objective (up previously from $87.00) on shares of Kansas City Southern in a research note on Sunday, May 28th. Wells Fargo & Co assumed coverage on Kansas City Southern in a research note on Monday, March 13th. They issued a “market perform” rating on the stock. Finally, Loop Capital reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Kansas City Southern in a research note on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $98.63.

In other news, Director Robert J. Druten sold 3,500 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Kansas City Southern Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KSU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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