First American Trust FSB lessened its holdings in shares of Kansas City Southern (NYSE:KSU) by 22.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,913 shares of the transportation company’s stock after selling 9,205 shares during the period. First American Trust FSB’s holdings in Kansas City Southern were worth $3,253,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Howe & Rusling Inc. acquired a new position in Kansas City Southern during the third quarter worth approximately $130,000. QS Investors LLC increased its position in Kansas City Southern by 0.5% during the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Kansas City Southern in the second quarter valued at approximately $160,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Kansas City Southern in the third quarter valued at approximately $160,000. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Kansas City Southern in the second quarter valued at approximately $210,000. 83.57% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on KSU. Morgan Stanley boosted their target price on Kansas City Southern from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Barclays boosted their target price on Kansas City Southern from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Cowen boosted their target price on Kansas City Southern from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Credit Suisse Group lifted their price target on Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Kansas City Southern from $116.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Eight equities research 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. Kansas City Southern presently has an average rating of “Buy” and an average price target of $113.18.
In related news, COO Jeffrey M. Songer sold 3,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $111.80, for a total value of $335,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mary K. Stadler sold 1,973 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total value of $205,014.43. Following the completion of the transaction, the senior vice president now owns 6,102 shares of the company’s stock, valued at $634,058.82. The disclosure for this sale can be found here. 0.95% of the stock is owned by corporate insiders.
Shares of Kansas City Southern (NYSE KSU) opened at $110.81 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $11,470.00, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. Kansas City Southern has a 12-month low of $81.54 and a 12-month high of $114.85.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The company had revenue of $653.00 million for the quarter, compared to the consensus estimate of $651.95 million. During the same period in the previous year, the business earned $1.12 earnings per share. Kansas City Southern’s quarterly revenue was up 8.0% compared to the same quarter last year. equities analysts predict that Kansas City Southern will post 5.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th were given a $0.36 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.30%. Kansas City Southern’s dividend payout ratio is currently 28.29%.
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Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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