Marshall Wace North America L.P. Buys New Stake in Kansas City Southern (KSU)

Marshall Wace North America L.P. acquired a new stake in shares of Kansas City Southern (NYSE:KSU) during the first quarter, Holdings Channel reports. The institutional investor acquired 608,991 shares of the transportation company’s stock, valued at approximately $52,373,000.

A number of other hedge funds also recently made changes to their positions in the stock. Pacific Global Investment Management CO increased its stake in shares of Kansas City Southern by 0.5% in the fourth quarter. Pacific Global Investment Management CO now owns 22,271 shares of the transportation company’s stock valued at $1,890,000 after buying an additional 120 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Kansas City Southern by 193.9% in the fourth quarter. Janus Capital Management LLC now owns 675,549 shares of the transportation company’s stock valued at $57,320,000 after buying an additional 445,706 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of Kansas City Southern by 1.1% in the fourth quarter. First Republic Investment Management Inc. now owns 8,965 shares of the transportation company’s stock valued at $761,000 after buying an additional 98 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Kansas City Southern by 15.9% in the fourth quarter. GSA Capital Partners LLP now owns 18,678 shares of the transportation company’s stock valued at $1,585,000 after buying an additional 2,556 shares during the last quarter. Finally, Scotia Capital Inc. bought a new stake in shares of Kansas City Southern during the fourth quarter valued at $346,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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

Shares of Kansas City Southern (KSU) traded down 1.48% during midday trading on Tuesday, reaching $101.97. The company had a trading volume of 456,392 shares. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 21.16 and a beta of 0.83. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $104.47. The firm’s 50 day moving average price is $94.43 and its 200-day moving average price is $88.31.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The firm had revenue of $609.50 million during the quarter, compared to analyst estimates of $600.66 million. Kansas City Southern had a return on equity of 11.30% and a net margin of 21.71%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Equities research analysts expect that Kansas City Southern will post $5.10 EPS for the current fiscal year.

The business also recently declared 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 1.28%. The ex-dividend date is Thursday, June 8th. Kansas City Southern’s payout ratio is 27.39%.

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Several brokerages have weighed in on KSU. Aegis boosted their price objective on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday. Credit Suisse Group upgraded Kansas City Southern from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $90.00 to $116.00 in a research report on Friday. BMO Capital Markets reiterated a “hold” rating and issued a $92.00 price objective on shares of Kansas City Southern in a research report on Wednesday, May 24th. Stifel Nicolaus lowered their price objective on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, April 26th. Finally, Citigroup Inc. lowered their price objective on Kansas City Southern from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Tuesday, April 25th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Kansas City Southern presently has an average rating of “Hold” and an average target price of $100.56.

In other news, Director Robert J. Druten sold 3,500 shares of the business’s 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.95% of the company’s stock.

About Kansas City Southern

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.

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).

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