J. Goldman & Co LP Sells 44,850 Shares of Kansas City Southern (KSU)

J. Goldman & Co LP reduced its stake in Kansas City Southern (NYSE:KSU) by 53.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 39,650 shares of the company’s stock after selling 44,850 shares during the period. J. Goldman & Co LP’s holdings in Kansas City Southern were worth $3,364,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KSU. Strs Ohio boosted its position in Kansas City Southern by 25.3% in the second quarter. Strs Ohio now owns 8,161 shares of the company’s stock worth $735,000 after buying an additional 1,647 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in Kansas City Southern during the second quarter worth about $1,754,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Kansas City Southern by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 296,113 shares of the company’s stock worth $26,677,000 after buying an additional 1,481 shares during the last quarter. Pillar Pacific Capital Management LLC boosted its position in Kansas City Southern by 2.6% in the second quarter. Pillar Pacific Capital Management LLC now owns 40,405 shares of the company’s stock worth $3,640,000 after buying an additional 1,019 shares during the last quarter. Finally, Wade G W & Inc. purchased a new position in Kansas City Southern during the second quarter worth about $1,218,000. 90.48% of the stock is owned by institutional investors and hedge funds.

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

Kansas City Southern (NYSE:KSU) traded down 0.29% on Tuesday, reaching $86.42. 2,378,037 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $84.73 and a 200 day moving average price of $89.73. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 19.51 and a beta of 0.91. Kansas City Southern has a 12-month low of $79.02 and a 12-month high of $100.69.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, January 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.05. Kansas City Southern had a net margin of 20.48% and a return on equity of 11.14%. The firm earned $599 million during the quarter. During the same period in the prior year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts forecast that Kansas City Southern will post $5.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Monday, March 13th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, March 9th. Kansas City Southern’s dividend payout ratio is currently 29.80%.

“J. Goldman & Co LP Sells 44,850 Shares of Kansas City Southern (KSU)” was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this piece of content can be read at http://sleekmoney.com/j-goldman-co-lp-sells-44850-shares-of-kansas-city-southern-ksu/1661017.html.

A number of research firms have issued reports on KSU. BMO Capital Markets restated a “hold” rating and issued a $98.00 price objective on shares of Kansas City Southern in a research report on Thursday, December 29th. Stephens cut shares of Kansas City Southern from an “overweight” rating to an “equal weight” rating in a research report on Friday, December 9th. Aegis boosted their price objective on shares of Kansas City Southern from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, January 23rd. Buckingham Research began coverage on shares of Kansas City Southern in a research report on Wednesday, January 18th. They issued a “buy” rating and a $103.00 price objective on the stock. Finally, Seaport Global Securities cut shares of Kansas City Southern from an “accumulate” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $99.79.

In related news, insider Delano Jose Guillermo Zozaya sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $85.41, for a total value of $85,410.00. Following the completion of the sale, the insider now owns 46,852 shares of the company’s stock, valued at $4,001,629.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

About Kansas City Southern

Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.

5 Day Chart for NYSE:KSU

Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/j-goldman-co-lp-sells-44850-shares-of-kansas-city-southern-ksu/1661017.html

Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *