Swiss National Bank increased its position in Kansas City Southern (NYSE:KSU) by 2.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 339,151 shares of the transportation company’s stock after acquiring an additional 7,200 shares during the quarter. Swiss National Bank owned about 0.34% of Kansas City Southern worth $39,335,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of KSU. CSat Investment Advisory L.P. grew its holdings in Kansas City Southern by 82.2% during the 4th quarter. CSat Investment Advisory L.P. now owns 266 shares of the transportation company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. Nelson Roberts Investment Advisors LLC purchased a new position in Kansas City Southern during the 1st quarter valued at about $40,000. Edmond DE Rothschild Holding S.A. purchased a new position in Kansas City Southern during the 4th quarter valued at about $43,000. Bogart Wealth LLC purchased a new position in Kansas City Southern during the 1st quarter valued at about $46,000. Finally, Pearl River Capital LLC purchased a new position in Kansas City Southern during the 4th quarter valued at about $58,000. 86.45% of the stock is owned by institutional investors and hedge funds.
NYSE:KSU traded up $1.05 during mid-day trading on Friday, reaching $121.82. The stock had a trading volume of 976,024 shares, compared to its average volume of 1,114,101. The company has a 50 day moving average price of $118.78. The company has a market capitalization of $12.15 billion, a PE ratio of 20.41, a P/E/G ratio of 1.19 and a beta of 0.91. Kansas City Southern has a one year low of $90.55 and a one year high of $125.92. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, June 10th will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. Kansas City Southern’s payout ratio is 24.12%.
In other Kansas City Southern news, Director Lu M. Cordova sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $116.85, for a total value of $116,850.00. Following the completion of the sale, the director now owns 1,032 shares in the company, valued at $120,589.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian D. Hancock sold 4,648 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $124.77, for a total value of $579,930.96. Following the completion of the sale, the executive vice president now owns 30,276 shares of the company’s stock, valued at approximately $3,777,536.52. The disclosure for this sale can be found here. Insiders sold a total of 32,285 shares of company stock valued at $3,987,116 in the last 90 days. 0.82% of the stock is currently owned by corporate insiders.
KSU has been the subject of a number of research analyst reports. Bank of America reiterated a “buy” rating and set a $127.00 price target (up previously from $122.00) on shares of Kansas City Southern in a research report on Wednesday, March 20th. Barclays dropped their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, April 4th. Citigroup lifted their price target on Kansas City Southern from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. BMO Capital Markets lifted their price target on Kansas City Southern to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Raymond James lifted their price target on Kansas City Southern from $135.00 to $140.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 18th. Five 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 currently has an average rating of “Buy” and an average price target of $127.50.
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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