Paloma Partners Management Co lowered its stake in Kansas City Southern (NYSE:KSU) by 13.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,501 shares of the transportation company’s stock after selling 6,127 shares during the period. Paloma Partners Management Co’s holdings in Kansas City Southern were worth $3,303,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Kansas City Southern by 4,542.5% in the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock valued at $892,591,000 after buying an additional 10,183,801 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Kansas City Southern by 2.4% in the first quarter. Vanguard Group Inc. now owns 10,109,940 shares of the transportation company’s stock valued at $867,029,000 after buying an additional 233,036 shares during the period. State Street Corp boosted its position in shares of Kansas City Southern by 3.3% in the first quarter. State Street Corp now owns 4,658,164 shares of the transportation company’s stock valued at $399,479,000 after buying an additional 146,836 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Kansas City Southern by 588.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock valued at $369,943,000 after buying an additional 3,687,248 shares during the period. Finally, Pioneer Investment Management Inc. boosted its position in shares of Kansas City Southern by 103.8% in the first quarter. Pioneer Investment Management Inc. now owns 2,133,685 shares of the transportation company’s stock valued at $182,985,000 after buying an additional 1,086,853 shares during the period. Institutional investors and hedge funds own 85.92% of the company’s stock.
Shares of Kansas City Southern (KSU) opened at 104.23 on Tuesday. The stock has a 50 day moving average of $97.00 and a 200 day moving average of $89.22. The firm has a market cap of $11.06 billion, a PE ratio of 21.63 and a beta of 0.80. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $105.92.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $609.50 million during the quarter, compared to the consensus estimate of $600.66 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Kansas City Southern will post $5.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Monday, June 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.27%. The ex-dividend date was Thursday, June 8th. Kansas City Southern’s payout ratio is currently 27.39%.
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KSU has been the subject of several recent research reports. Morgan Stanley reissued an “equal weight” rating and set a $88.00 target price on shares of Kansas City Southern in a report on Monday, March 20th. Loop Capital reaffirmed a “buy” rating on shares of Kansas City Southern in a report on Saturday, March 25th. Royal Bank Of Canada reissued a “buy” rating and set a $114.00 target price on shares of Kansas City Southern in a research note on Tuesday, April 11th. Cowen and Company boosted their target price on shares of Kansas City Southern from $94.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, April 24th. Finally, Citigroup Inc. lowered their price target on shares of Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Tuesday, April 25th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $101.18.
In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.
About Kansas City Southern
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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