Kansas City Southern (KSU) Position Lessened by Garner Asset Management Corp

Garner Asset Management Corp decreased its position in shares of Kansas City Southern (NYSE:KSU) by 4.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,137 shares of the transportation company’s stock after selling 275 shares during the period. Garner Asset Management Corp’s holdings in Kansas City Southern were worth $712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its stake in Kansas City Southern by 9.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,418,608 shares of the transportation company’s stock worth $994,456,000 after purchasing an additional 882,425 shares during the period. BlackRock Inc. raised its stake in Kansas City Southern by 1.0% during the fourth quarter. BlackRock Inc. now owns 6,948,964 shares of the transportation company’s stock worth $663,278,000 after purchasing an additional 69,036 shares during the period. Dimensional Fund Advisors LP raised its stake in Kansas City Southern by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,864 shares of the transportation company’s stock worth $136,010,000 after purchasing an additional 13,397 shares during the period. Geode Capital Management LLC raised its stake in Kansas City Southern by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 1,303,947 shares of the transportation company’s stock worth $124,240,000 after purchasing an additional 94,299 shares during the period. Finally, Packer & Co Ltd raised its stake in Kansas City Southern by 313.8% during the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the transportation company’s stock worth $31,144,000 after purchasing an additional 940,200 shares during the period. 89.11% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. Loop Capital increased their price target on shares of Kansas City Southern to $142.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Raymond James increased their price target on shares of Kansas City Southern from $135.00 to $140.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 18th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Tuesday. BMO Capital Markets increased their price target on shares of Kansas City Southern to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, Barclays cut their price target on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Kansas City Southern presently has an average rating of “Buy” and an average price target of $127.65.

In other news, EVP Brian D. Hancock sold 4,648 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $124.77, for a total value of $579,930.96. Following the completion of the sale, the executive vice president now owns 30,276 shares of the company’s stock, valued at $3,777,536.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick J. Ottensmeyer sold 13,800 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $124.48, for a total transaction of $1,717,824.00. Following the completion of the sale, the chief executive officer now directly owns 109,725 shares of the company’s stock, valued at approximately $13,658,568. The disclosure for this sale can be found here. 0.82% of the stock is owned by corporate insiders.

Shares of Kansas City Southern stock traded up $0.02 during trading hours on Tuesday, hitting $124.07. The company’s stock had a trading volume of 900,757 shares, compared to its average volume of 1,196,523. Kansas City Southern has a 1-year low of $90.55 and a 1-year high of $125.92. The firm has a market capitalization of $12.62 billion, a P/E ratio of 20.78, a PEG ratio of 1.42 and a beta of 0.89. The company has a quick ratio of 1.06, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.10. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. The company had revenue of $674.80 million during the quarter, compared to analyst estimates of $669.08 million. During the same quarter in the prior year, the business earned $1.30 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts expect that Kansas City Southern will post 6.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, March 11th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, March 8th. Kansas City Southern’s payout ratio is currently 24.12%.

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About Kansas City Southern

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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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