New York State Common Retirement Fund Sells 28,650 Shares of Kansas City Southern (NYSE:KSU)

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New York State Common Retirement Fund trimmed its holdings in shares of Kansas City Southern (NYSE:KSU) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 234,950 shares of the transportation company’s stock after selling 28,650 shares during the quarter. New York State Common Retirement Fund’s holdings in Kansas City Southern were worth $35,985,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Kansas City Southern by 9.2% during the 1st quarter. FMR LLC now owns 152,478 shares of the transportation company’s stock valued at $17,684,000 after acquiring an additional 12,805 shares in the last quarter. BlackRock Inc. boosted its position in shares of Kansas City Southern by 0.8% during the 2nd quarter. BlackRock Inc. now owns 6,863,252 shares of the transportation company’s stock valued at $836,084,000 after acquiring an additional 52,192 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Kansas City Southern during the 3rd quarter valued at about $116,000. Pacer Advisors Inc. boosted its position in shares of Kansas City Southern by 10.5% during the 3rd quarter. Pacer Advisors Inc. now owns 10,537 shares of the transportation company’s stock valued at $1,402,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of Kansas City Southern by 17.2% during the 3rd quarter. Wealthfront Advisers LLC now owns 3,117 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 458 shares in the last quarter. 91.39% of the stock is currently owned by institutional investors and hedge funds.

In other Kansas City Southern news, insider Delano Jose Guillermo Zozaya sold 13,700 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $164.24, for a total value of $2,250,088.00. Following the completion of the transaction, the insider now directly owns 58,483 shares of the company’s stock, valued at $9,605,247.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Warren K. Erdman sold 3,800 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $164.30, for a total transaction of $624,340.00. Following the completion of the transaction, the executive vice president now directly owns 50,788 shares of the company’s stock, valued at $8,344,468.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,478 shares of company stock worth $6,091,273. Company insiders own 0.82% of the company’s stock.

Several analysts have recently weighed in on the stock. Wells Fargo & Co lifted their target price on shares of Kansas City Southern from $187.00 to $193.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Credit Suisse Group set a $158.00 target price on shares of Kansas City Southern and gave the company a “buy” rating in a research report on Friday, October 18th. Cowen reiterated an “outperform” rating and set a $181.00 target price (up from $172.00) on shares of Kansas City Southern in a research report on Tuesday, January 21st. Benchmark assumed coverage on shares of Kansas City Southern in a research report on Tuesday, January 21st. They set a “hold” rating on the stock. Finally, Loop Capital reiterated a “buy” rating and set a $182.00 target price on shares of Kansas City Southern in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern presently has an average rating of “Hold” and a consensus price target of $162.71.

NYSE:KSU opened at $173.64 on Friday. The firm has a market cap of $16.68 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Kansas City Southern has a 12 month low of $105.63 and a 12 month high of $175.10. The company has a quick ratio of 1.18, a current ratio of 1.48 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $163.87 and its two-hundred day moving average price is $144.23.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, January 17th. The transportation company reported $1.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.83 by ($0.01). The firm had revenue of $729.50 million during the quarter, compared to analyst estimates of $730.99 million. Kansas City Southern had a net margin of 18.80% and a return on equity of 13.69%. Kansas City Southern’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. On average, research analysts expect that Kansas City Southern will post 8.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 9th will be given a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Kansas City Southern’s dividend payout ratio (DPR) is presently 23.19%.

About Kansas City Southern

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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