BlackRock Inc. lowered its stake in shares of Kansas City Southern (NYSE:KSU) by 25.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,213,297 shares of the transportation company’s stock after selling 2,451,298 shares during the quarter. BlackRock Inc. owned approximately 7.03% of Kansas City Southern worth $792,381,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in KSU. Massachusetts Financial Services Co. MA boosted its position in Kansas City Southern by 23.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,319,003 shares of the transportation company’s stock valued at $1,023,693,000 after purchasing an additional 1,764,684 shares during the period. Allianz Asset Management GmbH boosted its position in Kansas City Southern by 26.9% during the 4th quarter. Allianz Asset Management GmbH now owns 1,998,103 shares of the transportation company’s stock valued at $210,240,000 after purchasing an additional 423,999 shares during the period. Renaissance Technologies LLC boosted its position in Kansas City Southern by 34.0% during the 4th quarter. Renaissance Technologies LLC now owns 982,400 shares of the transportation company’s stock valued at $103,368,000 after purchasing an additional 249,000 shares during the period. The Manufacturers Life Insurance Company boosted its position in Kansas City Southern by 171.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 320,333 shares of the transportation company’s stock worth $33,705,000 after acquiring an additional 202,191 shares during the period. Finally, Suffolk Capital Management LLC acquired a new position in Kansas City Southern during the 1st quarter worth $16,481,000. Institutional investors and hedge funds own 87.06% of the company’s stock.
A number of research analysts have issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target on shares of Kansas City Southern in a research report on Saturday, June 2nd. Cowen reiterated a “hold” rating and set a $116.00 price target on shares of Kansas City Southern in a research report on Monday, April 23rd. Morgan Stanley boosted their price target on Kansas City Southern from $104.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 25th. Credit Suisse Group reiterated an “outperform” rating and set a $121.00 price target (down previously from $126.00) on shares of Kansas City Southern in a research report on Thursday, March 8th. Finally, BMO Capital Markets upgraded Kansas City Southern from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a research report on Monday, April 23rd. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Kansas City Southern presently has a consensus rating of “Buy” and an average target price of $118.64.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, April 20th. The transportation company reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.05). The firm had revenue of $638.60 million during the quarter, compared to analyst estimates of $639.39 million. Kansas City Southern had a net margin of 36.75% and a return on equity of 11.98%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. equities analysts anticipate that Kansas City Southern will post 6.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Monday, June 11th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, June 8th. Kansas City Southern’s dividend payout ratio (DPR) is presently 27.43%.
In other news, CFO Michael W. Upchurch sold 2,074 shares of the business’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $110.15, for a total transaction of $228,451.10. Following the sale, the chief financial officer now directly owns 15,590 shares of the company’s stock, valued at $1,717,238.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Suzanne M. Grafton sold 300 shares of the business’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $107.97, for a total value of $32,391.00. Following the sale, the vice president now directly owns 10,955 shares in the company, valued at $1,182,811.35. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.
About Kansas City Southern
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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