Macquarie Group Ltd. Raises Position in Kansas City Southern (NYSE:KSU)

Macquarie Group Ltd. grew its position in Kansas City Southern (NYSE:KSU) by 211.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,253 shares of the transportation company’s stock after acquiring an additional 13,753 shares during the period. Macquarie Group Ltd.’s holdings in Kansas City Southern were worth $2,467,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KSU. Boston Partners boosted its holdings in shares of Kansas City Southern by 98.9% in the second quarter. Boston Partners now owns 5,008,266 shares of the transportation company’s stock valued at $610,100,000 after acquiring an additional 2,490,256 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Kansas City Southern in the first quarter valued at about $72,632,000. Nuveen Asset Management LLC boosted its holdings in shares of Kansas City Southern by 2,195.1% in the second quarter. Nuveen Asset Management LLC now owns 646,555 shares of the transportation company’s stock valued at $78,763,000 after acquiring an additional 618,384 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Kansas City Southern by 63.8% in the second quarter. Invesco Ltd. now owns 1,124,111 shares of the transportation company’s stock valued at $136,938,000 after acquiring an additional 437,666 shares in the last quarter. Finally, Packer & Co Ltd boosted its holdings in shares of Kansas City Southern by 132.9% in the second quarter. Packer & Co Ltd now owns 759,998 shares of the transportation company’s stock valued at $39,749,000 after acquiring an additional 433,708 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

KSU stock opened at $133.50 on Friday. The company has a market cap of $12.89 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.28 and a beta of 0.94. Kansas City Southern has a 52 week low of $90.55 and a 52 week high of $134.70. The company’s 50-day moving average price is $128.82 and its 200 day moving average price is $122.30. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, July 19th. The transportation company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $714.00 million for the quarter, compared to the consensus estimate of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 earnings per share. On average, equities research analysts expect that Kansas City Southern will post 6.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Monday, September 9th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, September 6th. Kansas City Southern’s dividend payout ratio is currently 24.12%.

Several analysts have recently weighed in on KSU shares. Raymond James lifted their target price on shares of Kansas City Southern from $140.00 to $141.00 and gave the company a “strong-buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Kansas City Southern from $130.00 to $136.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Credit Suisse Group lifted their target price on shares of Kansas City Southern from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Morgan Stanley lowered their target price on shares of Kansas City Southern from $121.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, Cascend Securities downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern currently has a consensus rating of “Buy” and a consensus price target of $130.29.

In other Kansas City Southern news, General Counsel Adam J. Godderz sold 1,390 shares of Kansas City Southern stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $125.13, for a total transaction of $173,930.70. Following the completion of the transaction, the general counsel now owns 4,892 shares in the company, valued at $612,135.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Warren K. Erdman sold 6,840 shares of Kansas City Southern stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $127.39, for a total transaction of $871,347.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,730 shares of company stock worth $1,482,378. 0.82% of the stock is owned by insiders.

About Kansas City Southern

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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