Credit Agricole S A reduced its position in Kansas City Southern (NYSE:KSU) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,387 shares of the transportation company’s stock after selling 9,676 shares during the period. Credit Agricole S A owned about 0.07% of Kansas City Southern worth $6,037,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of KSU. Savant Capital LLC increased its stake in shares of Kansas City Southern by 0.4% in the first quarter. Savant Capital LLC now owns 3,201 shares of the transportation company’s stock worth $275,000 after buying an additional 12 shares during the period. Concert Wealth Management Inc. boosted its position in Kansas City Southern by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 7,059 shares of the transportation company’s stock worth $598,000 after buying an additional 24 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after buying an additional 52 shares in the last quarter. Cim Investment Mangement Inc. boosted its position in Kansas City Southern by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 4,462 shares of the transportation company’s stock worth $379,000 after buying an additional 55 shares in the last quarter. Finally, Capital Innovations LLC boosted its position in shares of Kansas City Southern by 2.5% in the first quarter. Capital Innovations LLC now owns 2,477 shares of the transportation company’s stock valued at $212,000 after buying an additional 60 shares during the period. Institutional investors own 86.60% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) traded down 1.18% during trading on Tuesday, hitting $102.28. 303,629 shares of the company were exchanged. The company’s 50-day moving average price is $94.43 and its 200 day moving average price is $88.31. The stock has a market cap of $10.85 billion, a P/E ratio of 21.22 and a beta of 0.83. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $104.47.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, April 21st. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.01. Kansas City Southern had a net margin of 21.71% and a return on equity of 11.30%. The business had revenue of $609.50 million for the quarter, compared to the consensus estimate of $600.66 million. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts predict that Kansas City Southern will post $5.10 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 12th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.28%. Kansas City Southern’s payout ratio is currently 27.39%.
KSU has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $114.00 target price on shares of Kansas City Southern in a research report on Tuesday, April 11th. Aegis increased their price objective on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday. Cowen and Company increased their price objective on Kansas City Southern from $94.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, April 24th. Credit Suisse Group restated a “neutral” rating and issued a $90.00 target price (up previously from $87.00) on shares of Kansas City Southern in a research note on Sunday, May 28th. Finally, Wells Fargo & Co began coverage on Kansas City Southern in a research note on Monday, March 13th. They issued a “market perform” rating for the company. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Kansas City Southern presently has a consensus rating of “Hold” and a consensus target price of $100.56.
In related news, Director Robert J. Druten sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.95% of the stock is owned by insiders.
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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