MetLife Investment Advisors LLC cut its holdings in Kansas City Southern (NYSE:KSU) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,693 shares of the transportation company’s stock after selling 391 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Kansas City Southern were worth $3,328,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of KSU. Cambridge Investment Research Advisors Inc. lifted its position in shares of Kansas City Southern by 22.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 8,746 shares of the transportation company’s stock valued at $835,000 after buying an additional 1,609 shares in the last quarter. Victory Capital Management Inc. raised its stake in Kansas City Southern by 6.2% in the 4th quarter. Victory Capital Management Inc. now owns 63,867 shares of the transportation company’s stock valued at $6,096,000 after purchasing an additional 3,710 shares during the last quarter. Mackenzie Financial Corp raised its stake in Kansas City Southern by 173.7% in the 4th quarter. Mackenzie Financial Corp now owns 99,736 shares of the transportation company’s stock valued at $9,520,000 after purchasing an additional 63,293 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Kansas City Southern by 6.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 8,614 shares of the transportation company’s stock valued at $822,000 after purchasing an additional 513 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in Kansas City Southern in the 4th quarter valued at $61,000. 86.45% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. Morgan Stanley set a $36.00 price objective on ArcBest and gave the company a “hold” rating in a research note on Monday, July 8th. Barclays reduced their price objective on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. BMO Capital Markets reduced their price objective on Pentair to $39.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Bank of America increased their price objective on Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Raymond James reissued an “average” rating and issued a $10.50 price objective on shares of Hudbay Minerals in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $127.36.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Wednesday, April 17th. The transportation company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. Kansas City Southern had a return on equity of 12.40% and a net margin of 21.30%. The company had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $669.08 million. During the same period last year, the business posted $1.30 EPS. Kansas City Southern’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Kansas City Southern will post 6.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, June 7th. Kansas City Southern’s payout ratio is presently 24.12%.
In other Kansas City Southern news, EVP Brian D. Hancock sold 4,648 shares of Kansas City Southern stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $124.77, for a total transaction of $579,930.96. Following the transaction, the executive vice president now owns 30,276 shares of the company’s stock, valued at $3,777,536.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick J. Ottensmeyer sold 13,800 shares of Kansas City Southern stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $124.48, for a total value of $1,717,824.00. Following the transaction, the chief executive officer now directly owns 109,725 shares in the company, valued at approximately $13,658,568. 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 quarter. Company insiders own 0.82% of the company’s stock.
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.
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