Kiwi Wealth Investments Limited Partnership Takes $7.85 Million Position in Kansas City Southern (KSU)

Kiwi Wealth Investments Limited Partnership purchased a new stake in shares of Kansas City Southern (NYSE:KSU) during the first quarter, HoldingsChannel reports. The institutional investor purchased 71,425 shares of the transportation company’s stock, valued at approximately $7,846,000.

A number of other institutional investors also recently modified their holdings of KSU. Massachusetts Financial Services Co. MA lifted its position in Kansas City Southern by 23.4% during 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 purchasing an additional 1,764,684 shares during the period. Allianz Asset Management GmbH lifted its position in Kansas City Southern by 26.9% during 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 purchasing an additional 423,999 shares during the period. UBS Group AG lifted its position in Kansas City Southern by 658.9% during the first quarter. UBS Group AG now owns 334,936 shares of the transportation company’s stock valued at $36,792,000 after purchasing an additional 290,799 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in Kansas City Southern by 15.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,996,278 shares of the transportation company’s stock valued at $219,291,000 after purchasing an additional 266,619 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Kansas City Southern by 34.0% during the fourth quarter. Renaissance Technologies LLC now owns 982,400 shares of the transportation company’s stock valued at $103,368,000 after purchasing an additional 249,000 shares during the period. Institutional investors own 87.06% of the company’s stock.

A number of research analysts recently weighed in on KSU shares. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Tuesday, February 27th. Stifel Nicolaus started coverage on shares of Kansas City Southern in a research report on Thursday, May 24th. They set a “buy” rating and a $130.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Kansas City Southern from $102.00 to $104.00 and gave the company an “equal weight” rating in a research report on Friday, April 6th. Finally, Cowen restated a “hold” rating and set a $116.00 price objective on shares of Kansas City Southern in a research report on Monday, April 23rd. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $118.64.

In other news, CFO Michael W. Upchurch sold 2,074 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 15,590 shares in the company, valued at approximately $1,717,238.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Suzanne M. Grafton sold 300 shares of the firm’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $107.97, for a total transaction of $32,391.00. Following the sale, the vice president now owns 10,955 shares in the company, valued at $1,182,811.35. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Kansas City Southern opened at $109.26 on Thursday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.69. Kansas City Southern has a 1-year low of $99.47 and a 1-year high of $114.91. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.37 and a beta of 0.79.

Kansas City Southern (NYSE:KSU) last released its quarterly 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). Kansas City Southern had a return on equity of 11.98% and a net margin of 36.75%. The business had revenue of $638.60 million during the quarter, compared to the consensus estimate of $639.39 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. equities analysts anticipate that Kansas City Southern will post 6.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Monday, June 11th will be given a $0.36 dividend. The ex-dividend date is Friday, June 8th. This represents a $1.44 annualized dividend and a yield of 1.32%. Kansas City Southern’s payout ratio is presently 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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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