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.
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%.
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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.
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