Rhumbline Advisers trimmed its position in shares of Kansas City Southern (NYSE:KSU) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,691 shares of the transportation company’s stock after selling 2,704 shares during the quarter. Rhumbline Advisers’ holdings in Kansas City Southern were worth $22,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KSU. Principal Financial Group Inc. increased its holdings in Kansas City Southern by 1.2% in the first quarter. Principal Financial Group Inc. now owns 159,239 shares of the transportation company’s stock worth $17,492,000 after buying an additional 1,876 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Kansas City Southern by 22.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,730 shares of the transportation company’s stock worth $1,031,000 after buying an additional 1,760 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in Kansas City Southern in the second quarter worth approximately $1,239,000. Steward Partners Investment Advisory LLC increased its holdings in Kansas City Southern by 45.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,705 shares of the transportation company’s stock worth $393,000 after buying an additional 1,155 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Kansas City Southern by 10.2% in the second quarter. Janney Montgomery Scott LLC now owns 13,571 shares of the transportation company’s stock worth $1,438,000 after buying an additional 1,255 shares during the last quarter. 86.79% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on KSU. BMO Capital Markets dropped their price objective on Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Deutsche Bank upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Monday, October 15th. ValuEngine downgraded Kansas City Southern from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Citigroup lowered their target price on Kansas City Southern from $123.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Finally, Raymond James upped their price target on Kansas City Southern from $128.00 to $133.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $126.64.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, meeting the consensus estimate of $1.57. The company had revenue of $699.00 million during the quarter, compared to the consensus estimate of $708.19 million. Kansas City Southern had a return on equity of 11.98% and a net margin of 37.98%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, sell-side analysts forecast that Kansas City Southern will post 5.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Monday, December 31st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, December 28th. Kansas City Southern’s payout ratio is presently 27.43%.
In other news, VP Suzanne M. Grafton sold 729 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total value of $87,319.62. Following the completion of the sale, the vice president now owns 10,580 shares of the company’s stock, valued at approximately $1,267,272.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $118.93, for a total value of $118,930.00. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
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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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