Caxton Associates LP Buys Shares of 80,000 Kansas City Southern (NYSE:KSU)

Caxton Associates LP purchased a new position in Kansas City Southern (NYSE:KSU) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 80,000 shares of the transportation company’s stock, valued at approximately $6,861,000. Caxton Associates LP owned about 0.08% of Kansas City Southern at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tudor Investment Corp ET AL boosted its stake in shares of Kansas City Southern by 22.1% in the first quarter. Tudor Investment Corp ET AL now owns 18,599 shares of the transportation company’s stock worth $1,595,000 after buying an additional 3,367 shares during the period. AQR Capital Management LLC boosted its stake in shares of Kansas City Southern by 48.0% in the first quarter. AQR Capital Management LLC now owns 82,056 shares of the transportation company’s stock worth $7,037,000 after buying an additional 26,612 shares during the period. State Street Corp boosted its stake in shares of Kansas City Southern by 3.3% in the first quarter. State Street Corp now owns 4,658,164 shares of the transportation company’s stock worth $399,479,000 after buying an additional 146,836 shares during the period. TVR Capital Management LP boosted its stake in shares of Kansas City Southern by 50.1% in the first quarter. TVR Capital Management LP now owns 15,010 shares of the transportation company’s stock worth $1,287,000 after buying an additional 5,010 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Kansas City Southern by 37.1% in the first quarter. Bank of America Corp DE now owns 280,700 shares of the transportation company’s stock worth $24,073,000 after buying an additional 76,005 shares during the period. Institutional investors own 85.92% of the company’s stock.

Kansas City Southern (KSU) opened at 104.23 on Tuesday. The company has a market capitalization of $11.06 billion, a P/E ratio of 21.63 and a beta of 0.80. The firm has a 50-day moving average price of $97.00 and a 200-day moving average price of $89.22. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $105.92.

Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.01. The company 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%. Kansas City Southern’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. On average, analysts forecast that Kansas City Southern will post $5.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Monday, June 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, June 8th. Kansas City Southern’s dividend payout ratio is presently 27.39%.

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A number of analysts have weighed in on the company. Aegis upped their price target on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, June 19th. BMO Capital Markets restated a “hold” rating and set a $92.00 target price on shares of Kansas City Southern in a report on Wednesday, May 24th. Stifel Nicolaus decreased their target price 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. Citigroup Inc. decreased their target price 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. Finally, Royal Bank Of Canada restated a “buy” rating and set a $114.00 target price on shares of Kansas City Southern in a report on Tuesday, April 11th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $101.18.

In other news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction that occurred 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 link. Corporate insiders own 0.95% of the company’s stock.

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.

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

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