Pendal Group Ltd trimmed its holdings in shares of Kansas City Southern (NYSE:KSU) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,554 shares of the transportation company’s stock after selling 202 shares during the period. Pendal Group Ltd’s holdings in Kansas City Southern were worth $391,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in KSU. State of Tennessee Treasury Department increased its holdings in shares of Kansas City Southern by 1,256.6% during the third quarter. State of Tennessee Treasury Department now owns 314,448 shares of the transportation company’s stock worth $41,825,000 after buying an additional 291,269 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Kansas City Southern by 103.4% during the 3rd quarter. Fisher Asset Management LLC now owns 569,893 shares of the transportation company’s stock worth $75,801,000 after acquiring an additional 289,643 shares during the last quarter. State Street Corp lifted its holdings in shares of Kansas City Southern by 6.8% during the 4th quarter. State Street Corp now owns 4,526,866 shares of the transportation company’s stock worth $695,131,000 after acquiring an additional 288,883 shares during the last quarter. Ardevora Asset Management LLP bought a new stake in shares of Kansas City Southern during the 3rd quarter worth $34,649,000. Finally, Boston Partners lifted its holdings in shares of Kansas City Southern by 4.6% during the 3rd quarter. Boston Partners now owns 5,240,386 shares of the transportation company’s stock worth $697,460,000 after acquiring an additional 232,120 shares during the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.
Shares of KSU stock traded up $0.18 during trading on Monday, hitting $173.64. The company had a trading volume of 917,688 shares, compared to its average volume of 939,173. The stock’s 50-day moving average price is $163.87 and its 200 day moving average price is $144.23. The firm has a market capitalization of $16.70 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.18 and a current ratio of 1.48. Kansas City Southern has a one year low of $105.63 and a one year high of $175.10.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Monday, March 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Kansas City Southern’s dividend payout ratio is presently 23.19%.
A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Kansas City Southern from $140.00 to $152.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Morgan Stanley upped their price objective on Kansas City Southern from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Wells Fargo & Co upped their price objective on Kansas City Southern from $187.00 to $193.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Loop Capital restated a “buy” rating and set a $182.00 price objective on shares of Kansas City Southern in a research note on Tuesday, January 21st. Finally, Goldman Sachs Group assumed coverage on Kansas City Southern in a research note on Thursday, December 5th. They set a “neutral” rating and a $156.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $162.71.
In other Kansas City Southern news, Director Antonio O. Garza sold 3,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $152.96, for a total value of $458,880.00. Following the transaction, the director now directly owns 3,515 shares in the company, valued at $537,654.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Delano Jose Guillermo Zozaya sold 13,700 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $164.24, for a total transaction of $2,250,088.00. Following the completion of the transaction, the insider now owns 58,483 shares in the company, valued at $9,605,247.92. The disclosure for this sale can be found here. Insiders have sold 27,806 shares of company stock worth $4,442,939 in the last three months. Corporate insiders own 0.82% of the company’s stock.
Kansas City Southern Profile
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company 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.
Further Reading: Asset Allocation, Balancing Your Investments
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