Kansas City Southern (NYSE:KSU) Holdings Decreased by New England Research & Management Inc.

New England Research & Management Inc. reduced its stake in shares of Kansas City Southern (NYSE:KSU) by 13.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,205 shares of the transportation company’s stock after selling 1,775 shares during the period. New England Research & Management Inc.’s holdings in Kansas City Southern were worth $1,300,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KSU. Norges Bank bought a new position in shares of Kansas City Southern during the 4th quarter worth approximately $102,073,000. Packer & Co Ltd grew its stake in shares of Kansas City Southern by 313.8% in the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the transportation company’s stock valued at $31,144,000 after buying an additional 940,200 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Kansas City Southern by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,418,608 shares of the transportation company’s stock valued at $994,456,000 after buying an additional 882,425 shares in the last quarter. FMR LLC grew its stake in shares of 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 buying an additional 293,045 shares in the last quarter. Finally, Scharf Investments LLC boosted its position in Kansas City Southern by 33.9% during the fourth quarter. Scharf Investments LLC now owns 1,113,034 shares of the transportation company’s stock worth $106,239,000 after purchasing an additional 281,930 shares during the period. Hedge funds and other institutional investors own 89.20% of the company’s stock.

NYSE:KSU opened at $123.31 on Friday. The stock has a market cap of $12.48 billion, a PE ratio of 20.65, a PEG ratio of 1.40 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52. Kansas City Southern has a 1-year low of $90.55 and a 1-year high of $125.92.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.10. Kansas City Southern had a return on equity of 12.40% and a net margin of 21.30%. The company had revenue of $674.80 million for the quarter, compared to analysts’ expectations of $669.08 million. During the same period in the previous year, the business posted $1.30 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kansas City Southern will post 6.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 11th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, March 8th. Kansas City Southern’s payout ratio is presently 24.12%.

In other news, EVP Brian D. Hancock sold 4,648 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $124.77, for a total transaction of $579,930.96. Following the transaction, the executive vice president now directly owns 30,276 shares of the company’s stock, valued at $3,777,536.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick J. Ottensmeyer sold 13,800 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $124.48, for a total value of $1,717,824.00. Following the transaction, the chief executive officer now directly owns 109,725 shares in the company, valued at $13,658,568. The disclosure for this sale can be found here. Corporate insiders own 0.82% of the company’s stock.

A number of equities analysts have commented on KSU shares. Loop Capital lifted their price objective on shares of Kansas City Southern to $142.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Credit Suisse Group reduced their price objective on shares of Kansas City Southern from $126.00 to $116.00 and set an “outperform” rating for the company in a research report on Monday, January 7th. 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 report on Tuesday, January 22nd. Atlantic Securities started coverage on Kansas City Southern in a report on Tuesday, January 8th. They set an “overweight” rating and a $98.03 target price for the company. Finally, Deutsche Bank set a $121.00 price target on Kansas City Southern and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $127.65.

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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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