Kansas City Southern (NYSE:KSU) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC reduced its stake in Kansas City Southern (NYSE:KSU) by 2.9% during the 1st quarter, Holdings Channel reports. The fund owned 2,560 shares of the transportation company’s stock after selling 77 shares during the quarter. IHT Wealth Management LLC’s holdings in Kansas City Southern were worth $676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KSU. FMR LLC raised its stake in shares of Kansas City Southern by 9.2% in the first 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. FIL Ltd raised its stake in Kansas City Southern by 2.3% in the fourth quarter. FIL Ltd now owns 102,497 shares of the transportation company’s stock valued at $20,922,000 after buying an additional 2,346 shares in the last quarter. LPL Financial LLC raised its stake in Kansas City Southern by 7.9% in the fourth quarter. LPL Financial LLC now owns 16,874 shares of the transportation company’s stock valued at $3,445,000 after buying an additional 1,239 shares in the last quarter. Vantage Consulting Group Inc acquired a new stake in Kansas City Southern in the fourth quarter valued at $31,000. Finally, Brown Advisory Inc. raised its stake in Kansas City Southern by 10.6% in the fourth quarter. Brown Advisory Inc. now owns 7,419 shares of the transportation company’s stock valued at $1,514,000 after buying an additional 711 shares in the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

KSU stock opened at $269.37 on Thursday. The firm’s 50 day moving average is $287.16. Kansas City Southern has a 12-month low of $152.18 and a 12-month high of $315.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.23 and a current ratio of 0.65. The firm has a market cap of $24.50 billion, a P/E ratio of 34.01 and a beta of 1.08.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Thursday, July 15th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.15 by ($0.09). Kansas City Southern had a net margin of 4.63% and a return on equity of 16.17%. The company had revenue of $749.50 million for the quarter, compared to analyst estimates of $749.06 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. Kansas City Southern’s revenue was up 36.8% on a year-over-year basis. As a group, equities research analysts expect that Kansas City Southern will post 8.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 7th. Investors of record on Monday, June 14th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, June 11th. This represents a $2.16 annualized dividend and a dividend yield of 0.80%. Kansas City Southern’s dividend payout ratio is currently 31.03%.

KSU has been the topic of a number of analyst reports. Wells Fargo & Company restated an “equal weight” rating and issued a $275.00 price target on shares of Kansas City Southern in a research note on Wednesday, April 21st. Barclays lowered Kansas City Southern from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $265.00 to $310.00 in a report on Friday, May 28th. Raymond James dropped their price objective on Kansas City Southern from $286.00 to $281.00 and set an “outperform” rating on the stock in a report on Thursday, July 15th. Vertical Research started coverage on Kansas City Southern in a report on Friday, March 26th. They set a “hold” rating on the stock. Finally, Citigroup lowered Kansas City Southern from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $275.00 to $305.00 in a report on Tuesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $254.07.

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.

Further Reading: How is an ETF different from a mutual fund?

Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).

Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.