CIBC Asset Management Inc Boosts Holdings in Kansas City Southern (KSU)

CIBC Asset Management Inc raised its stake in Kansas City Southern (NYSE:KSU) by 14.2% in the 1st quarter, HoldingsChannel reports. The fund owned 11,829 shares of the transportation company’s stock after buying an additional 1,467 shares during the quarter. CIBC Asset Management Inc’s holdings in Kansas City Southern were worth $1,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Citizens Bank & Trust Co. acquired a new stake in Kansas City Southern in the 1st quarter valued at about $449,000. Foresters Investment Management Company Inc. grew its position in shares of Kansas City Southern by 206.6% during the 4th quarter. Foresters Investment Management Company Inc. now owns 204,800 shares of the transportation company’s stock worth $19,548,000 after buying an additional 138,000 shares during the period. IFM Investors Pty Ltd grew its position in shares of Kansas City Southern by 8.9% during the 4th quarter. IFM Investors Pty Ltd now owns 6,598 shares of the transportation company’s stock worth $630,000 after buying an additional 541 shares during the period. RWC Asset Management LLP grew its position in shares of Kansas City Southern by 8.7% during the 4th quarter. RWC Asset Management LLP now owns 405,651 shares of the transportation company’s stock worth $38,719,000 after buying an additional 32,456 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Kansas City Southern during the 4th quarter worth approximately $575,000. Hedge funds and other institutional investors own 91.36% of the company’s stock.

Several equities research analysts have recently commented on the stock. Loop Capital lifted their price target on shares of Kansas City Southern to $142.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Raymond James lifted their price target on shares of Kansas City Southern from $135.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Tuesday, April 23rd. Cowen reiterated a “buy” rating and set a $136.00 price target on shares of Kansas City Southern in a research report on Wednesday, May 1st. Finally, BMO Capital Markets lifted their price target on shares of Kansas City Southern to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and an average target price of $127.50.

Shares of NYSE KSU opened at $122.92 on Wednesday. The company has a market cap of $12.27 billion, a P/E ratio of 20.59, a PEG ratio of 1.37 and a beta of 0.90. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. Kansas City Southern has a 52-week low of $90.55 and a 52-week high of $125.92.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.10. The firm had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $669.08 million. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 earnings per share. As a group, equities research analysts predict that Kansas City Southern will post 6.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, June 7th. Kansas City Southern’s dividend payout ratio is currently 24.12%.

In related news, CEO Patrick J. Ottensmeyer sold 13,800 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $124.48, for a total transaction of $1,717,824.00. Following the completion of the transaction, the chief executive officer now owns 109,725 shares in the company, valued at $13,658,568. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Michael J. Naatz sold 11,837 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $122.45, for a total transaction of $1,449,440.65. Following the transaction, the chief marketing officer now owns 18,764 shares of the company’s stock, valued at approximately $2,297,651.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,285 shares of company stock valued at $3,870,266. Corporate insiders own 0.82% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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