Keybank National Association OH trimmed its holdings in Kansas City Southern (NYSE:KSU) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,705 shares of the transportation company’s stock after selling 1,708 shares during the quarter. Keybank National Association OH’s holdings in Kansas City Southern were worth $3,967,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in KSU. Cerebellum GP LLC bought a new stake in Kansas City Southern during the 4th quarter worth about $116,000. Howe & Rusling Inc. bought a new stake in Kansas City Southern during the 3rd quarter worth about $130,000. QS Investors LLC raised its holdings in Kansas City Southern by 0.5% during the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after purchasing an additional 7 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Kansas City Southern during the 3rd quarter worth about $160,000. Finally, Cetera Investment Advisers bought a new stake in Kansas City Southern during the 2nd quarter worth about $233,000. 84.50% of the stock is owned by institutional investors and hedge funds.
Shares of Kansas City Southern (NYSE KSU) opened at $109.01 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.70 and a quick ratio of 0.54. The company has a market capitalization of $11,233.92, a PE ratio of 20.84, a PEG ratio of 1.34 and a beta of 0.83. Kansas City Southern has a 52 week low of $81.54 and a 52 week high of $114.85.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.32%. Kansas City Southern’s dividend payout ratio (DPR) is presently 15.64%.
Several analysts have weighed in on the company. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, January 24th. BMO Capital Markets reissued a “hold” rating and set a $109.00 price objective on shares of Kansas City Southern in a report on Friday, November 24th. Goldman Sachs Group assumed coverage on Kansas City Southern in a report on Monday, November 13th. They set a “neutral” rating and a $109.00 price objective for the company. Barclays boosted their price objective on Kansas City Southern from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group boosted their price objective on Kansas City Southern from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. 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 stock. Kansas City Southern presently has a consensus rating of “Buy” and an average price target of $115.47.
In related news, Director Henry J. Maier purchased 1,000 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $104.35 per share, with a total value of $104,350.00. Following the purchase, the director now directly owns 5,159 shares in the company, valued at approximately $538,341.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Brian D. Hancock sold 2,325 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $113.00, for a total value of $262,725.00. Following the completion of the sale, the chief marketing officer now directly owns 19,455 shares of the company’s stock, valued at $2,198,415. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
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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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