Redmond Asset Management LLC Sells 292 Shares of Kansas City Southern (NYSE:KSU)

Redmond Asset Management LLC reduced its position in shares of Kansas City Southern (NYSE:KSU) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 26,620 shares of the transportation company’s stock after selling 292 shares during the quarter. Kansas City Southern makes up 1.4% of Redmond Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Redmond Asset Management LLC’s holdings in Kansas City Southern were worth $3,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KSU. Keybank National Association OH raised its stake in Kansas City Southern by 0.6% during the 2nd quarter. Keybank National Association OH now owns 35,478 shares of the transportation company’s stock valued at $4,322,000 after purchasing an additional 197 shares during the last quarter. Westpac Banking Corp raised its stake in shares of Kansas City Southern by 2.1% in the 2nd quarter. Westpac Banking Corp now owns 54,937 shares of the transportation company’s stock valued at $6,692,000 after buying an additional 1,108 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Kansas City Southern by 33.4% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 327,286 shares of the transportation company’s stock valued at $39,870,000 after buying an additional 82,023 shares in the last quarter. Saturna Capital CORP raised its stake in shares of Kansas City Southern by 10.0% in the 2nd quarter. Saturna Capital CORP now owns 15,015 shares of the transportation company’s stock valued at $1,829,000 after buying an additional 1,365 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Kansas City Southern by 4.1% in the 2nd quarter. Janus Henderson Group PLC now owns 396,705 shares of the transportation company’s stock valued at $48,325,000 after buying an additional 15,761 shares in the last quarter. 86.52% of the stock is owned by institutional investors and hedge funds.

In other Kansas City Southern news, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $116.85, for a total transaction of $116,850.00. Following the sale, the director now owns 1,032 shares of the company’s stock, valued at approximately $120,589.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Druten sold 2,500 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $125.04, for a total transaction of $312,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,890 shares of company stock valued at $727,881 in the last quarter. 0.82% of the stock is currently owned by corporate insiders.



Shares of Kansas City Southern stock traded down $0.09 during mid-day trading on Thursday, reaching $117.07. 266,144 shares of the stock were exchanged, compared to its average volume of 929,218. The company has a market capitalization of $11.69 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $121.50. Kansas City Southern has a fifty-two week low of $90.55 and a fifty-two week high of $126.47.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 19th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.54 EPS. On average, equities research analysts expect that Kansas City Southern will post 6.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Monday, September 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, September 6th. Kansas City Southern’s dividend payout ratio (DPR) is currently 24.12%.

KSU has been the subject of a number of recent research reports. Cowen set a $136.00 price objective on shares of Kansas City Southern and gave the company a “buy” rating in a research note on Friday, July 19th. Morgan Stanley increased their price objective on shares of Kansas City Southern from $111.00 to $121.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of Kansas City Southern from $130.00 to $136.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Cascend Securities cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Credit Suisse Group increased their price objective on shares of Kansas City Southern from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $130.36.

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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