State Street Corp Raises Stock Holdings in Kansas City Southern (NYSE:KSU)

State Street Corp grew its stake in Kansas City Southern (NYSE:KSU) by 0.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,528,897 shares of the transportation company’s stock after buying an additional 2,031 shares during the quarter. State Street Corp owned approximately 4.77% of Kansas City Southern worth $577,658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KSU. FMR LLC increased its position in Kansas City Southern by 9.2% in the first quarter. FMR LLC now owns 152,478 shares of the transportation company’s stock worth $17,684,000 after buying an additional 12,805 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Kansas City Southern by 28.5% during the fourth quarter. Victory Capital Management Inc. now owns 142,416 shares of the transportation company’s stock worth $21,812,000 after purchasing an additional 31,622 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Kansas City Southern during the fourth quarter worth about $296,000. ProShare Advisors LLC grew its position in shares of Kansas City Southern by 27.9% during the fourth quarter. ProShare Advisors LLC now owns 15,504 shares of the transportation company’s stock worth $2,375,000 after purchasing an additional 3,382 shares in the last quarter. Finally, Vestcor Investment Management Corp purchased a new stake in shares of Kansas City Southern during the fourth quarter worth about $263,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

KSU has been the subject of several research analyst reports. Wells Fargo & Co cut their target price on Kansas City Southern from $174.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Credit Suisse Group increased their target price on Kansas City Southern from $144.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Barclays cut their target price on Kansas City Southern from $170.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Raymond James cut their price target on Kansas City Southern from $170.00 to $169.00 and set a “strong-buy” rating for the company in a report on Monday, April 20th. Finally, Cfra cut their price target on Kansas City Southern from $176.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern currently has a consensus rating of “Hold” and an average target price of $154.05.

In related news, CAO Suzanne M. Grafton sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $147.15, for a total transaction of $44,145.00. Following the completion of the sale, the chief accounting officer now directly owns 9,633 shares of the company’s stock, valued at approximately $1,417,495.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Michael J. Naatz sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $145.57, for a total value of $436,710.00. Following the sale, the chief marketing officer now directly owns 12,507 shares of the company’s stock, valued at $1,820,643.99. The disclosure for this sale can be found here. 0.82% of the stock is currently owned by company insiders.

NYSE:KSU opened at $146.93 on Thursday. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.44 and a beta of 0.93. Kansas City Southern has a 1 year low of $92.86 and a 1 year high of $178.59. The business has a 50 day simple moving average of $149.60 and a 200-day simple moving average of $147.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 1.02.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, April 17th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.18. Kansas City Southern had a return on equity of 14.63% and a net margin of 20.11%. The business had revenue of $731.70 million during the quarter, compared to analyst estimates of $716.19 million. During the same period last year, the company earned $1.54 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts expect that Kansas City Southern will post 6.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, June 5th. Kansas City Southern’s dividend payout ratio is currently 23.19%.

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.

See Also: Does the discount rate affect the economy?

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).

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

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.