Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Kansas City Southern (NYSE:KSU) by 63.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,637 shares of the transportation company’s stock after selling 53,194 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kansas City Southern were worth $4,574,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in KSU. FDx Advisors Inc. lifted its position in Kansas City Southern by 58,002.8% during the first quarter. FDx Advisors Inc. now owns 983,681 shares of the transportation company’s stock valued at $14,184,000 after buying an additional 981,988 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Kansas City Southern by 30.2% during the 1st quarter. Nuveen Asset Management LLC now owns 2,325,866 shares of the transportation company’s stock valued at $295,803,000 after acquiring an additional 538,881 shares in the last quarter. Luminus Management LLC purchased a new stake in Kansas City Southern during the 1st quarter worth $52,742,000. PNC Financial Services Group Inc. boosted its position in Kansas City Southern by 2,435.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 424,733 shares of the transportation company’s stock worth $54,018,000 after purchasing an additional 407,981 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Kansas City Southern by 60.4% in the 1st quarter. Alliancebernstein L.P. now owns 901,206 shares of the transportation company’s stock valued at $114,615,000 after purchasing an additional 339,411 shares in the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.
Several equities research analysts have recently weighed in on KSU shares. Credit Suisse Group upped their target price on Kansas City Southern from $164.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. cut Kansas City Southern from a “neutral” rating to an “underweight” rating and set a $130.00 price target for the company. in a report on Thursday, April 9th. BMO Capital Markets lifted their price objective on shares of Kansas City Southern from $145.00 to $158.00 and gave the company a “market perform” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus boosted their target price on shares of Kansas City Southern from $146.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Cfra lowered their price target on shares of Kansas City Southern from $176.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $157.70.
Shares of NYSE KSU opened at $171.85 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.44 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $149.82 and its two-hundred day moving average price is $147.49. Kansas City Southern has a 52-week low of $92.86 and a 52-week high of $184.16. The stock has a market capitalization of $16.21 billion, a P/E ratio of 25.01, a PEG ratio of 1.71 and a beta of 0.93.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, July 17th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.05. The business had revenue of $547.90 million for the quarter, compared to analyst estimates of $550.59 million. Kansas City Southern had a return on equity of 13.80% and a net margin of 20.63%. The business’s revenue was down 23.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. On average, analysts anticipate that Kansas City Southern will post 6.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, June 5th. Kansas City Southern’s dividend payout ratio (DPR) is presently 23.19%.
In related news, COO Jeffrey M. Songer sold 4,492 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $157.50, for a total transaction of $707,490.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Suzanne M. Grafton sold 300 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $147.15, for a total value of $44,145.00. Following the completion of the sale, the chief accounting officer now directly owns 9,633 shares in the company, valued at $1,417,495.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,292 shares of company stock valued at $1,736,970. Insiders own 0.82% of the company’s stock.
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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