BlackRock Inc. lowered its stake in Kansas City Southern (NYSE:KSU) by 25.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,213,297 shares of the transportation company’s stock after selling 2,451,298 shares during the quarter. BlackRock Inc. owned about 7.03% of Kansas City Southern worth $792,381,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of KSU. Massachusetts Financial Services Co. MA lifted its position in Kansas City Southern by 23.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,319,003 shares of the transportation company’s stock valued at $1,023,693,000 after buying an additional 1,764,684 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Kansas City Southern by 26.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,998,103 shares of the transportation company’s stock valued at $210,240,000 after buying an additional 423,999 shares during the last quarter. Renaissance Technologies LLC lifted its position in Kansas City Southern by 34.0% in the fourth quarter. Renaissance Technologies LLC now owns 982,400 shares of the transportation company’s stock valued at $103,368,000 after buying an additional 249,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Kansas City Southern by 171.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 320,333 shares of the transportation company’s stock valued at $33,705,000 after buying an additional 202,191 shares during the last quarter. Finally, Suffolk Capital Management LLC acquired a new position in Kansas City Southern in the first quarter valued at about $16,481,000. 87.06% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the stock. Credit Suisse Group upped their target price on shares of Kansas City Southern from $122.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 23rd. Morgan Stanley increased their price target on shares of Kansas City Southern from $102.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Friday, April 6th. Cowen reissued a “hold” rating and set a $116.00 price target on shares of Kansas City Southern in a research report on Monday, April 23rd. BMO Capital Markets raised shares of Kansas City Southern from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research report on Monday, April 23rd. Finally, Zacks Investment Research cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $118.64.
In related news, VP Suzanne M. Grafton sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $107.97, for a total value of $32,391.00. Following the sale, the vice president now owns 10,955 shares of the company’s stock, valued at $1,182,811.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael W. Upchurch sold 2,074 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $110.15, for a total transaction of $228,451.10. Following the completion of the sale, the chief financial officer now directly owns 15,590 shares in the company, valued at approximately $1,717,238.50. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.
NYSE:KSU traded down $0.19 during mid-day trading on Thursday, hitting $108.66. The stock had a trading volume of 694,100 shares, compared to its average volume of 1,253,404. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.37 and a beta of 0.79. Kansas City Southern has a twelve month low of $99.47 and a twelve month high of $114.91. The company has a quick ratio of 0.49, a current ratio of 0.69 and a debt-to-equity ratio of 0.45.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, April 20th. The transportation company reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.05). The firm had revenue of $638.60 million during the quarter, compared to analyst estimates of $639.39 million. Kansas City Southern had a net margin of 36.75% and a return on equity of 11.98%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. equities analysts anticipate that Kansas City Southern will post 6.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Monday, June 11th will be issued a $0.36 dividend. The ex-dividend date is Friday, June 8th. This represents a $1.44 annualized dividend and a yield of 1.33%. Kansas City Southern’s dividend payout ratio (DPR) is 27.43%.
About Kansas City Southern
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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