Nisa Investment Advisors LLC Has $5.61 Million Stake in Kansas City Southern (KSU)
Nisa Investment Advisors LLC lowered its stake in Kansas City Southern (NYSE:KSU) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 54,610 shares of the transportation company’s stock after selling 2,100 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of Kansas City Southern worth $5,614,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Kentucky Retirement Systems purchased a new stake in shares of Kansas City Southern during the fourth quarter valued at about $662,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kansas City Southern during the fourth quarter valued at about $296,000. Highbridge Capital Management LLC boosted its stake in shares of Kansas City Southern by 555.7% in the fourth quarter. Highbridge Capital Management LLC now owns 202,265 shares of the transportation company’s stock valued at $17,162,000 after buying an additional 171,419 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Kansas City Southern by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 91,933 shares of the transportation company’s stock valued at $7,884,000 after buying an additional 2,039 shares during the period. Finally, First American Trust FSB boosted its stake in shares of Kansas City Southern by 37.8% in the first quarter. First American Trust FSB now owns 38,619 shares of the transportation company’s stock valued at $3,312,000 after buying an additional 10,595 shares during the period. 86.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kansas City Southern (KSU) traded up 0.78% during trading on Wednesday, reaching $102.10. The company’s stock had a trading volume of 1,277,605 shares. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $106.35. The company has a market capitalization of $10.76 billion, a PE ratio of 20.55 and a beta of 0.80. The stock has a 50 day moving average of $103.34 and a 200-day moving average of $92.46.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $627.81 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts expect that Kansas City Southern will post $5.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.30%. Kansas City Southern’s dividend payout ratio is currently 26.51%.
Several analysts have recently issued reports on KSU shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $114.00 price objective on shares of Kansas City Southern in a report on Tuesday, April 11th. Cowen and Company upped their price objective on Kansas City Southern from $94.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, April 24th. Citigroup Inc. decreased their price objective on Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Tuesday, April 25th. Stifel Nicolaus decreased their price target on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. Finally, BMO Capital Markets restated a “hold” rating and set a $92.00 price target on shares of Kansas City Southern in a report on Wednesday, May 24th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $103.31.
In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of Kansas City Southern stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.95% of the stock is owned by 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.
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