Redmond Asset Management LLC Reduces Holdings in Kansas City Southern (NYSE:KSU)

Redmond Asset Management LLC decreased its position in shares of Kansas City Southern (NYSE:KSU) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,620 shares of the transportation company’s stock after selling 292 shares during the period. Kansas City Southern comprises approximately 1.4% of Redmond Asset Management LLC’s holdings, making the stock its 13th biggest holding. Redmond Asset Management LLC’s holdings in Kansas City Southern were worth $3,243,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KSU. Trexquant Investment LP acquired a new position in shares of Kansas City Southern in the 1st quarter valued at about $1,236,000. Raymond James Trust N.A. boosted its holdings in shares of Kansas City Southern by 51.5% in the 2nd quarter. Raymond James Trust N.A. now owns 4,357 shares of the transportation company’s stock valued at $531,000 after buying an additional 1,482 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Kansas City Southern by 17.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 94,821 shares of the transportation company’s stock valued at $10,970,000 after buying an additional 13,868 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Kansas City Southern by 3.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 235,217 shares of the transportation company’s stock valued at $27,328,000 after buying an additional 8,428 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Kansas City Southern by 5.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 15,681 shares of the transportation company’s stock valued at $1,819,000 after buying an additional 756 shares during the period. 86.52% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on KSU shares. Zacks Investment Research lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Friday, May 10th. JPMorgan Chase & Co. lifted their price target on shares of Kansas City Southern from $130.00 to $136.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Credit Suisse Group lifted their price target on shares of Kansas City Southern from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Loop Capital boosted their target price on shares of Kansas City Southern to $144.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, BMO Capital Markets boosted their target price on shares of Kansas City Southern to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $130.36.

In other news, General Counsel Adam J. Godderz sold 1,390 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $125.13, for a total value of $173,930.70. Following the completion of the sale, the general counsel now directly owns 4,892 shares of the company’s stock, valued at approximately $612,135.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Druten sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $125.04, for a total transaction of $312,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,890 shares of company stock valued at $727,881. Company insiders own 0.82% of the company’s stock.

Kansas City Southern stock traded down $0.09 during midday trading on Thursday, reaching $117.07. 266,144 shares of the stock traded hands, compared to its average volume of 929,218. The stock has a fifty day moving average price of $121.50. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. Kansas City Southern has a fifty-two week low of $90.55 and a fifty-two week high of $126.47. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 19th. The transportation company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $714.00 million during the quarter, compared to analyst estimates of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.54 EPS. On average, research analysts expect that Kansas City Southern will post 6.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Monday, September 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, September 6th. Kansas City Southern’s dividend payout ratio is currently 24.12%.

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

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