State Board of Administration of Florida Retirement System Has $38.21 Million Stock Holdings in Kansas City Southern (NYSE:KSU)

State Board of Administration of Florida Retirement System cut its stake in shares of Kansas City Southern (NYSE:KSU) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,833 shares of the transportation company’s stock after selling 5,086 shares during the period. State Board of Administration of Florida Retirement System owned 0.15% of Kansas City Southern worth $38,208,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its stake in Kansas City Southern by 1.7% in the first quarter. BlackRock Inc. now owns 7,398,791 shares of the transportation company’s stock valued at $1,952,689,000 after buying an additional 120,368 shares during the period. Parnassus Investments CA raised its stake in Kansas City Southern by 6.2% in the first quarter. Parnassus Investments CA now owns 2,458,528 shares of the transportation company’s stock valued at $648,855,000 after buying an additional 143,674 shares during the period. Morgan Stanley raised its stake in Kansas City Southern by 141.1% in the first quarter. Morgan Stanley now owns 1,390,672 shares of the transportation company’s stock valued at $367,025,000 after buying an additional 813,926 shares during the period. Dimensional Fund Advisors LP raised its stake in Kansas City Southern by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,292,973 shares of the transportation company’s stock valued at $341,199,000 after buying an additional 5,848 shares during the period. Finally, Standard Life Aberdeen plc raised its stake in Kansas City Southern by 367.8% in the first quarter. Standard Life Aberdeen plc now owns 870,958 shares of the transportation company’s stock valued at $229,863,000 after buying an additional 684,761 shares during the period. 80.71% of the stock is owned by hedge funds and other institutional investors.

Kansas City Southern stock opened at $280.00 on Wednesday. The stock’s fifty day moving average price is $279.45 and its two-hundred day moving average price is $275.47. Kansas City Southern has a one year low of $171.82 and a one year high of $315.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.65 and a quick ratio of 0.54. The firm has a market cap of $25.47 billion, a PE ratio of 212.12 and a beta of 1.07.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Thursday, July 15th. The transportation company reported $2.06 EPS for the quarter, missing the Zacks’ consensus estimate of $2.15 by ($0.09). Kansas City Southern had a return on equity of 16.17% and a net margin of 4.63%. The company had revenue of $749.50 million for the quarter, compared to the consensus estimate of $749.06 million. During the same quarter last year, the business earned $1.16 EPS. Kansas City Southern’s revenue was up 36.8% on a year-over-year basis. Sell-side analysts expect that Kansas City Southern will post 8.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 6th. Shareholders of record on Monday, September 13th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 10th. This represents a $2.16 dividend on an annualized basis and a yield of 0.77%. Kansas City Southern’s dividend payout ratio (DPR) is presently 31.03%.

Several analysts have issued reports on KSU shares. Citigroup lowered Kansas City Southern from a “buy” rating to a “neutral” rating and upped their price objective for the company from $275.00 to $305.00 in a research note on Tuesday, June 29th. Barclays lowered Kansas City Southern from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $265.00 to $310.00 in a research note on Friday, May 28th. Raymond James dropped their price objective on Kansas City Southern from $286.00 to $281.00 and set an “outperform” rating on the stock in a research note on Thursday, July 15th. TheStreet lowered Kansas City Southern from a “b” rating to a “c+” rating in a research note on Monday, August 16th. Finally, Loop Capital lowered Kansas City Southern from a “buy” rating to a “hold” rating and set a $288.00 target price on the stock. in a research note on Wednesday, September 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Kansas City Southern has a consensus rating of “Hold” and a consensus target price of $266.57.

About Kansas City Southern

Kansas City Southern is a transportation holding company. It focuses on the growing north or south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico. The firm also engages in the freight rail transportation business operating through a single coordinated rail network.

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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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