Bartlett & Co. LLC lowered its position in Kansas City Southern (NYSE:KSU) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 302,168 shares of the company’s stock after selling 7,201 shares during the period. Kansas City Southern accounts for approximately 1.3% of Bartlett & Co. LLC’s holdings, making the stock its 28th largest position. Bartlett & Co. LLC’s holdings in Kansas City Southern were worth $27,222,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of KSU. Seven Bridges Advisors LLC boosted its position in Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the company’s stock worth $108,000 after buying an additional 277 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Kansas City Southern by 1,065.2% in the second quarter. Meeder Asset Management Inc. now owns 1,538 shares of the company’s stock worth $138,000 after buying an additional 1,406 shares in the last quarter. ING Groep NV purchased a new position in shares of Kansas City Southern during the first quarter worth about $213,000. Boothbay Fund Management LLC purchased a new position in shares of Kansas City Southern during the first quarter worth about $215,000. Finally, Cleararc Capital Inc. purchased a new position in shares of Kansas City Southern during the first quarter worth about $226,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) traded up 1.66% during midday trading on Tuesday, reaching $91.60. The company had a trading volume of 1,984,665 shares. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69. The company’s 50-day moving average is $95.39 and its 200-day moving average is $92.14. The stock has a market capitalization of $9.89 billion, a PE ratio of 19.93 and a beta of 1.13.
Kansas City Southern (NYSE:KSU) last released its earnings results on Tuesday, July 19th. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.14. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. The business had revenue of $569 million for the quarter, compared to the consensus estimate of $572.20 million. On average, equities research analysts forecast that Kansas City Southern will post $4.78 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is 28.82%.
A number of equities analysts recently issued reports on KSU shares. Oppenheimer Holdings Inc. started coverage on Kansas City Southern in a report on Wednesday, June 15th. They issued an “outperform” rating and a $87.32 target price on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a report on Saturday, June 18th. Zacks Investment Research cut Kansas City Southern from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $94.00 target price on shares of Kansas City Southern in a report on Thursday, July 7th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Kansas City Southern in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $100.82.
In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $95.62, for a total value of $478,100.00. Following the sale, the chief executive officer now directly owns 90,228 shares of the company’s stock, valued at $8,627,601.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael W. Upchurch sold 5,367 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $95.18, for a total value of $510,831.06. Following the completion of the sale, the chief financial officer now directly owns 16,808 shares in the company, valued at $1,599,785.44. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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