Kansas City Southern (NYSE:KSU) Stock Position Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in Kansas City Southern (NYSE:KSU) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,903 shares of the transportation company’s stock after selling 600 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kansas City Southern were worth $3,520,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KSU. Thor Advisors LLC bought a new stake in Kansas City Southern in the 1st quarter valued at about $37,000. Nelson Roberts Investment Advisors LLC bought a new stake in shares of Kansas City Southern during the 1st quarter worth about $40,000. Bogart Wealth LLC bought a new stake in shares of Kansas City Southern during the 1st quarter worth about $46,000. Icon Wealth Partners LLC bought a new stake in shares of Kansas City Southern during the 1st quarter worth about $66,000. Finally, NEXT Financial Group Inc raised its position in shares of Kansas City Southern by 22.7% during the 2nd quarter. NEXT Financial Group Inc now owns 675 shares of the transportation company’s stock worth $82,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

KSU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Raymond James boosted their price target on shares of Kansas City Southern from $140.00 to $141.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 22nd. Cascend Securities downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Loop Capital boosted their price target on shares of Kansas City Southern to $144.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets boosted their price target on shares of Kansas City Southern to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern has an average rating of “Buy” and an average target price of $130.36.

Shares of KSU traded down $0.46 during mid-day trading on Friday, hitting $121.20. The company’s stock had a trading volume of 1,219,120 shares, compared to its average volume of 923,765. The company has a 50-day moving average of $121.32. The company has a market cap of $12.36 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.79 and a quick ratio of 0.59. Kansas City Southern has a fifty-two week low of $90.55 and a fifty-two week high of $126.47.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, July 19th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.04. The company had revenue of $714.00 million for the quarter, compared to analysts’ expectations of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. Equities research analysts forecast that Kansas City Southern will post 6.71 EPS for the current fiscal year.

In other news, General Counsel Adam J. Godderz sold 1,390 shares of Kansas City Southern stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $125.13, for a total value of $173,930.70. Following the transaction, the general counsel now directly owns 4,892 shares of the company’s stock, valued at $612,135.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Michael J. Naatz sold 11,837 shares of Kansas City Southern stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $122.45, for a total transaction of $1,449,440.65. Following the completion of the transaction, the chief marketing officer now directly owns 18,764 shares in the company, valued at $2,297,651.80. The disclosure for this sale can be found here. Insiders sold a total of 17,727 shares of company stock worth $2,177,321 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

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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