Xact Kapitalforvaltning AB lessened its holdings in Kansas City Southern (NYSE:KSU) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,011 shares of the transportation company’s stock after selling 118 shares during the period. Xact Kapitalforvaltning AB’s holdings in Kansas City Southern were worth $1,857,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. CSat Investment Advisory L.P. increased its stake 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 purchasing an additional 120 shares in the last quarter. Nelson Roberts Investment Advisors LLC acquired a new stake in Kansas City Southern during the first quarter valued at $40,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Kansas City Southern during the fourth quarter valued at $43,000. Bogart Wealth LLC acquired a new stake in Kansas City Southern during the first quarter valued at $46,000. Finally, Pearl River Capital LLC acquired a new stake in Kansas City Southern during the fourth quarter valued at $58,000. 86.45% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:KSU traded up $1.51 during midday trading on Monday, hitting $123.33. The company’s stock had a trading volume of 903,300 shares, compared to its average volume of 1,103,954. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.02 and a current ratio of 1.36. The business’s 50 day moving average is $118.88. Kansas City Southern has a 12-month low of $90.55 and a 12-month high of $125.92. The stock has a market cap of $12.36 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.20 and a beta of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, June 7th. Kansas City Southern’s dividend payout ratio (DPR) is presently 24.12%.
KSU has been the topic of several analyst reports. Bank of America restated 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 decreased their price objective on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. Citigroup increased their price objective on shares of Kansas City Southern from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. BMO Capital Markets increased their price objective on shares of Kansas City Southern to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Finally, Raymond James increased their price objective on shares of Kansas City Southern from $135.00 to $140.00 and gave the company a “strong-buy” rating in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Kansas City Southern presently has a consensus rating of “Buy” and an average price target of $127.50.
In other Kansas City Southern news, Director Lu M. Cordova sold 1,000 shares of Kansas City Southern stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $116.85, for a total transaction of $116,850.00. Following the completion of the sale, the director now directly owns 1,032 shares in the company, valued at $120,589.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian D. Hancock sold 4,648 shares of Kansas City Southern stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $124.77, for a total transaction of $579,930.96. Following the completion of the transaction, 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 have sold 32,285 shares of company stock worth $3,987,116 over the last ninety days. 0.82% of the stock is owned by 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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