ING Groep NV cut its stake in Kansas City Southern (NYSE:KSU) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,441 shares of the transportation company’s stock after selling 764 shares during the period. ING Groep NV’s holdings in Kansas City Southern were worth $467,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of KSU. Virtus Investment Advisers Inc. purchased a new position in shares of Kansas City Southern during the third quarter worth about $108,000. Intellectus Partners LLC purchased a new position in shares of Kansas City Southern during the fourth quarter worth about $111,000. Ancora Advisors LLC purchased a new position in shares of Kansas City Southern during the fourth quarter worth about $123,000. Financial Architects Inc boosted its position in shares of Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock worth $131,000 after buying an additional 1,115 shares during the last quarter. Finally, BLB&B Advisors LLC purchased a new position in shares of Kansas City Southern during the first quarter worth about $201,000. 90.48% of the stock is currently owned by institutional investors.
Shares of Kansas City Southern (NYSE:KSU) traded up 0.47% during mid-day trading on Friday, reaching $90.59. The company had a trading volume of 734,904 shares. The stock’s 50-day moving average price is $89.28 and its 200 day moving average price is $86.78. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $100.69. The company has a market capitalization of $9.61 billion, a PE ratio of 18.80 and a beta of 0.91.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.01. The company had revenue of $609.50 million during the quarter, compared to the consensus estimate of $600.66 million. Kansas City Southern had a return on equity of 11.14% and a net margin of 20.48%. Kansas City Southern’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. Equities analysts expect that Kansas City Southern will post $5.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, June 8th. Kansas City Southern’s payout ratio is 29.80%.
KSU has been the topic of several research analyst reports. Loop Capital restated a “buy” rating and set a $86.00 target price on shares of Kansas City Southern in a research note on Wednesday, February 22nd. Aegis increased their price objective on shares of Kansas City Southern from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Stifel Nicolaus lowered their price objective on shares of Kansas City Southern from $101.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, April 26th. Citigroup Inc lowered their price objective on shares of Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $114.00 price objective on shares of Kansas City Southern in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Kansas City Southern has an average rating of “Hold” and an average price target of $98.53.
In other news, Director Robert J. Druten sold 3,500 shares of Kansas City Southern 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% 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.
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