Pacific Heights Asset Management LLC Sells 1,000 Shares of Kansas City Southern (KSU)

Pacific Heights Asset Management LLC lowered its holdings in shares of Kansas City Southern (NYSE:KSU) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,000 shares of the transportation company’s stock after selling 1,000 shares during the quarter. Kansas City Southern accounts for about 1.4% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 25th biggest position. Pacific Heights Asset Management LLC owned about 0.10% of Kansas City Southern worth $10,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KSU. Packer & Co Ltd grew its holdings in shares of Kansas City Southern by 313.8% during the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the transportation company’s stock worth $31,144,000 after buying an additional 940,200 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Kansas City Southern by 326.0% in the third quarter. Cornerstone Wealth Management LLC now owns 564,442 shares of the transportation company’s stock valued at $5,419,000 after purchasing an additional 431,931 shares in the last quarter. FMR LLC grew its stake in Kansas City Southern by 275.4% in the third quarter. FMR LLC now owns 399,447 shares of the transportation company’s stock valued at $45,250,000 after purchasing an additional 293,045 shares in the last quarter. Morgan Stanley grew its stake in Kansas City Southern by 34.7% in the third quarter. Morgan Stanley now owns 999,755 shares of the transportation company’s stock valued at $113,252,000 after purchasing an additional 257,695 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in Kansas City Southern by 348.7% in the third quarter. WINTON GROUP Ltd now owns 270,111 shares of the transportation company’s stock valued at $30,598,000 after purchasing an additional 209,912 shares in the last quarter. 88.97% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on KSU shares. Credit Suisse Group decreased their price target on Kansas City Southern from $126.00 to $116.00 and set an “outperform” rating for the company in a research note on Monday, January 7th. Loop Capital reduced their target price on Kansas City Southern from $136.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. Stifel Nicolaus lifted their target price on Kansas City Southern from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Seaport Global Securities upgraded Kansas City Southern from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Finally, Atlantic Securities began coverage on Kansas City Southern in a research note on Tuesday, January 8th. They set an “overweight” rating and a $98.03 target price for the company. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $123.39.

KSU stock opened at $104.28 on Thursday. Kansas City Southern has a fifty-two week low of $90.55 and a fifty-two week high of $120.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.42. The company has a market cap of $10.32 billion, a P/E ratio of 17.47, a PEG ratio of 1.15 and a beta of 0.79.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, January 18th. The transportation company reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. The business had revenue of $694.00 million for the quarter, compared to the consensus estimate of $687.56 million. Kansas City Southern had a return on equity of 12.11% and a net margin of 23.12%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 EPS. On average, equities research analysts forecast that Kansas City Southern will post 6.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Monday, March 11th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, March 8th. Kansas City Southern’s dividend payout ratio (DPR) is presently 24.12%.

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Kansas City Southern Company 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.

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

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