Sciencast Management LP cut its stake in Kansas City Southern (NYSE:KSU) by 69.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,100 shares of the transportation company’s stock after selling 7,060 shares during the quarter. Sciencast Management LP’s holdings in Kansas City Southern were worth $468,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Security National Trust Co. grew its holdings in Kansas City Southern by 134.9% during the first quarter. Security National Trust Co. now owns 202 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 116 shares during the period. Beese Fulmer Investment Management Inc. acquired a new position in shares of Kansas City Southern in the 2nd quarter valued at $26,000. Arden Trust Co bought a new stake in shares of Kansas City Southern in the 1st quarter valued at $27,000. Elmwood Wealth Management Inc. bought a new stake in shares of Kansas City Southern in the 1st quarter valued at $33,000. Finally, Eudaimonia Partners LLC acquired a new stake in Kansas City Southern during the 1st quarter worth $36,000. Institutional investors and hedge funds own 91.44% of the company’s stock.
A number of research firms have issued reports on KSU. Morgan Stanley boosted their target price on Kansas City Southern from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Susquehanna Bancshares decreased their price objective on Kansas City Southern from $169.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Raymond James raised their target price on shares of Kansas City Southern from $169.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 15th. Wells Fargo & Co lifted their price target on shares of Kansas City Southern from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, BMO Capital Markets upped their price target on shares of Kansas City Southern from $145.00 to $158.00 and gave the company a “market perform” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern has an average rating of “Hold” and a consensus target price of $157.70.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 17th. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The firm had revenue of $547.90 million during the quarter, compared to analysts’ expectations of $550.59 million. Kansas City Southern had a return on equity of 13.80% and a net margin of 20.63%. The business’s quarterly revenue was down 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. On average, sell-side analysts expect that Kansas City Southern will post 6.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 8th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, June 5th. Kansas City Southern’s dividend payout ratio (DPR) is presently 23.19%.
In related news, EVP Brian D. Hancock sold 3,500 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $156.75, for a total value of $548,625.00. Following the sale, the executive vice president now owns 24,936 shares in the company, valued at approximately $3,908,718. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Suzanne M. Grafton sold 300 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $147.15, for a total value of $44,145.00. Following the completion of the sale, the chief accounting officer now owns 9,633 shares in the company, valued at approximately $1,417,495.95. The disclosure for this sale can be found here. Insiders have sold a total of 11,292 shares of company stock worth $1,736,970 over the last 90 days. 0.82% of the stock is owned by company insiders.
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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