State of Tennessee Treasury Department Lowers Position in K…

State of Tennessee Treasury Department Lowers Position in K…


State of Tennessee Treasury Department lessened its holdings in shares of Kansas City Southern (NYSE:KSU) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,258 shares of the transportation company’s stock after selling 1,096 shares during the period. State of Tennessee Treasury Department’s holdings in Kansas City Southern were worth $2,929,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its position in Kansas City Southern by 9.3% in the 4th 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 in the last quarter. BlackRock Inc. grew its position in Kansas City Southern by 1.0% in the 4th 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 in the last quarter. Boston Partners bought a new stake in Kansas City Southern in the 1st quarter worth about $292,039,000. Dimensional Fund Advisors LP grew its position in Kansas City Southern by 0.9% in the 4th 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 in the last quarter. Finally, Geode Capital Management LLC grew its position in Kansas City Southern by 7.8% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

A number of equities research analysts have issued reports on KSU shares. Cowen reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Kansas City Southern in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, April 23rd. Citigroup boosted their target price on shares of Kansas City Southern from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Bank of America reiterated a “buy” rating and issued a $127.00 target price (up from $122.00) on shares of Kansas City Southern in a research note on Wednesday, March 20th. Finally, Loop Capital boosted their target price on shares of Kansas City Southern to $142.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $127.50.

Shares of KSU stock traded down $1.55 during trading on Friday, reaching $122.94. 469,006 shares of the company’s stock traded hands, compared to its average volume of 796,528. The stock has a 50-day moving average price of $119.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.02. The company has a market capitalization of $12.37 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.22 and a beta of 0.93. Kansas City Southern has a 1 year low of $90.55 and a 1 year high of $125.92.

Kansas City Southern (NYSE:KSU) last posted its earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.10. The business had revenue of $674.80 million for the quarter, compared to analyst estimates of $669.08 million. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. Kansas City Southern’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 EPS. Equities research analysts forecast that Kansas City Southern will post 6.74 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, June 7th. Kansas City Southern’s payout ratio is 24.12%.

In related news, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $116.85, for a total transaction of $116,850.00. Following the transaction, the director now owns 1,032 shares of the company’s stock, valued at approximately $120,589.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $579,930.96. Following the sale, the executive vice president now directly owns 30,276 shares of the company’s stock, valued at approximately $3,777,536.52. The disclosure for this sale can be found here. Insiders sold a total of 32,285 shares of company stock worth $3,987,116 in the last three months. Insiders own 0.82% of the company’s stock.

Kansas City Southern Company Profile

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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