Crossmark Global Holdings Inc. Sells 302 Shares of Kansas City Southern (NYSE:KSU)

Crossmark Global Holdings Inc. lessened its stake in Kansas City Southern (NYSE:KSU) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,552 shares of the transportation company’s stock after selling 302 shares during the period. Crossmark Global Holdings Inc.’s holdings in Kansas City Southern were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in Kansas City Southern by 0.7% in the second quarter. Janney Montgomery Scott LLC now owns 12,326 shares of the transportation company’s stock worth $1,502,000 after purchasing an additional 81 shares in the last quarter. Parallel Advisors LLC raised its position in Kansas City Southern by 18.3% in the second quarter. Parallel Advisors LLC now owns 628 shares of the transportation company’s stock worth $76,000 after purchasing an additional 97 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Kansas City Southern by 81.3% in the second quarter. Rehmann Capital Advisory Group now owns 223 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Hancock Whitney Corp raised its position in Kansas City Southern by 2.0% in the second quarter. Hancock Whitney Corp now owns 5,265 shares of the transportation company’s stock worth $641,000 after purchasing an additional 105 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in Kansas City Southern by 3.1% in the second quarter. First Citizens Bank & Trust Co. now owns 3,988 shares of the transportation company’s stock worth $486,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

In other news, EVP Warren K. Erdman sold 6,840 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $127.39, for a total transaction of $871,347.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Adam J. Godderz sold 1,390 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $125.13, for a total transaction of $173,930.70. Following the sale, the general counsel now directly owns 4,892 shares in the company, valued at $612,135.96. The disclosure for this sale can be found here. Insiders have sold 11,730 shares of company stock worth $1,482,378 over the last three months. 0.82% of the stock is owned by insiders.

NYSE KSU opened at $134.18 on Wednesday. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.33 and a beta of 0.94. The company has a 50 day moving average of $129.81 and a 200-day moving average of $122.70. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47. Kansas City Southern has a 1-year low of $90.55 and a 1-year high of $134.70.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Monday, September 9th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, September 6th. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. Kansas City Southern’s dividend payout ratio (DPR) is currently 24.12%.

KSU has been the subject of several recent research reports. Credit Suisse Group increased their price target on shares of Kansas City Southern from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Raymond James increased their price target on shares of Kansas City Southern from $140.00 to $141.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Cascend Securities lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Loop Capital raised their price objective on shares of Kansas City Southern to $144.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $130.29.

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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