Metropolitan Life Insurance Co. NY reduced its stake in shares of Kansas City Southern (NYSE:KSU) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,380 shares of the transportation company’s stock after selling 544 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Kansas City Southern were worth $1,630,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in Kansas City Southern in the second quarter valued at approximately $101,000. FNY Investment Advisers LLC bought a new position in Kansas City Southern in the second quarter valued at approximately $105,000. Point72 Hong Kong Ltd boosted its stake in Kansas City Southern by 63.5% in the second quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 559 shares during the last quarter. Gideon Capital Advisors Inc. bought a new position in Kansas City Southern in the second quarter valued at approximately $204,000. Finally, Cypress Asset Management Inc. TX bought a new position in Kansas City Southern in the second quarter valued at approximately $219,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:KSU traded down $0.38 during midday trading on Friday, reaching $102.57. 1,737,474 shares of the company were exchanged, compared to its average volume of 1,152,000. Kansas City Southern has a fifty-two week low of $99.47 and a fifty-two week high of $120.34. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.43 and a beta of 0.82.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Monday, September 10th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.40%. Kansas City Southern’s payout ratio is 27.43%.
In related news, Director Lu M. Cordova sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $118.93, for a total transaction of $118,930.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Suzanne M. Grafton sold 729 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total transaction of $87,319.62. Following the sale, the vice president now owns 10,580 shares in the company, valued at $1,267,272.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,171 shares of company stock worth $841,712. 0.70% of the stock is currently owned by company insiders.
A number of brokerages have issued reports on KSU. Cowen raised shares of Kansas City Southern from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $124.00 to $138.00 in a research note on Wednesday, August 29th. Loop Capital increased their target price on shares of Kansas City Southern to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. Bank of America cut their target price on shares of Kansas City Southern from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 1st. Deutsche Bank began coverage on shares of Kansas City Southern in a report on Tuesday, September 4th. They issued a “hold” rating and a $119.00 target price on the stock. Finally, Raymond James increased their target price on shares of Kansas City Southern from $128.00 to $133.00 and gave the stock a “strong-buy” rating in a report on Friday, August 31st. Six equities research analysts have rated the stock with a hold rating, five 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 an average price target of $123.33.
Kansas City Southern Profile
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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