Public Employees Retirement System of Ohio Sells 9,374 Shares of Kansas City Southern (NYSE:KSU)

Public Employees Retirement System of Ohio trimmed its position in shares of Kansas City Southern (NYSE:KSU) by 17.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,135 shares of the transportation company’s stock after selling 9,374 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kansas City Southern were worth $6,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. bought a new position in shares of Kansas City Southern during the second quarter valued at about $26,000. Rosenberg Matthew Hamilton bought a new position in shares of Kansas City Southern during the 2nd quarter worth approximately $30,000. Security National Trust Co. lifted its position in shares of Kansas City Southern by 134.9% during the 1st quarter. Security National Trust Co. now owns 202 shares of the transportation company’s stock worth $26,000 after buying an additional 116 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Kansas City Southern in the 1st quarter worth approximately $36,000. Finally, Elmwood Wealth Management Inc. bought a new position in shares of Kansas City Southern in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 88.72% of the company’s stock.

In other news, EVP Brian D. Hancock sold 3,500 shares of the company’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $156.75, for a total value of $548,625.00. Following the completion of the sale, the executive vice president now owns 24,936 shares of the company’s stock, valued at approximately $3,908,718. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Suzanne M. Grafton sold 917 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $184.37, for a total transaction of $169,067.29. Following the transaction, the chief accounting officer now directly owns 9,919 shares in the company, valued at approximately $1,828,766.03. The disclosure for this sale can be found here. Insiders have sold 10,409 shares of company stock worth $1,688,672 over the last quarter. Company insiders own 0.82% of the company’s stock.

Several research analysts have weighed in on the company. Barclays boosted their price objective on Kansas City Southern from $150.00 to $175.00 in a research report on Monday. Raymond James raised their price target on shares of Kansas City Southern from $183.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 10th. Wells Fargo & Company upped their price objective on Kansas City Southern from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Bank of America raised their target price on Kansas City Southern from $203.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Deutsche Bank decreased their price objective on Kansas City Southern from $166.00 to $163.00 and set a “hold” rating for the company in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $165.38.

KSU traded up $1.30 during trading on Wednesday, reaching $188.70. The stock had a trading volume of 4,625 shares, compared to its average volume of 1,273,179. The business has a 50-day moving average of $181.41 and a 200-day moving average of $150.89. Kansas City Southern has a one year low of $92.86 and a one year high of $200.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.16 and a current ratio of 2.44. The stock has a market cap of $17.68 billion, a PE ratio of 32.03, a PEG ratio of 1.80 and a beta of 0.95.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 17th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. Equities research analysts forecast that Kansas City Southern will post 6.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Monday, September 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, September 11th. Kansas City Southern’s dividend payout ratio is currently 23.19%.

Kansas City Southern 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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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

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