Asset Management One Co. Ltd. Sold 16,139 Shares of Kansas City Southern (KSU)

Asset Management One Co. Ltd. Sold 16,139 Shares of Kansas City Southern (KSU)

Asset Management One Co. Ltd. decreased its stake in Kansas City Southern (NYSE:KSU) by 8.8% during the first quarter, Holdings Channel reports. The institutional investor owned 168,109 shares of the transportation company’s stock after selling 16,139 shares during the period. Asset Management One Co. Ltd.’s holdings in Kansas City Southern were worth $14,428,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Virtus Investment Advisers Inc. acquired a new stake in Kansas City Southern during the third quarter valued at about $108,000. Intellectus Partners LLC acquired a new stake in Kansas City Southern during the fourth quarter valued at about $111,000. WFG Advisors LP boosted its stake in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after buying an additional 302 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Kansas City Southern during the fourth quarter valued at about $123,000. Finally, Financial Architects Inc boosted its stake in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock valued at $131,000 after buying an additional 1,115 shares in the last quarter. Hedge funds and other institutional investors own 90.48% of the company’s stock.

Shares of Kansas City Southern (KSU) traded down 0.22% during midday trading on Friday, hitting $95.59. The company had a trading volume of 742,023 shares. The company has a 50-day moving average of $90.91 and a 200-day moving average of $87.20. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $100.69. The company has a market capitalization of $10.14 billion, a PE ratio of 19.84 and a beta of 0.91.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The business had revenue of $609.50 million during the quarter, compared to the consensus estimate of $600.66 million. Kansas City Southern had a net margin of 20.48% and a return on equity of 11.14%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. Analysts predict that Kansas City Southern will post $5.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 12th will be given a $0.33 dividend. The ex-dividend date is Thursday, June 8th. This represents a $1.32 annualized dividend and a dividend yield of 1.38%. Kansas City Southern’s dividend payout ratio (DPR) is presently 29.80%.

KSU has been the subject of several research analyst reports. Stifel Nicolaus cut their target price on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, April 26th. Citigroup Inc cut their price target on Kansas City Southern from $103.00 to $99.00 and set a “buy” rating for the company in a report on Tuesday, April 25th. Loop Capital restated a “buy” rating and set a $86.00 price target on shares of Kansas City Southern in a report on Wednesday, February 22nd. Royal Bank of Canada restated a “buy” rating and set a $114.00 price target on shares of Kansas City Southern in a report on Tuesday, April 11th. Finally, Morgan Stanley restated an “equal weight” rating and set a $88.00 price target on shares of Kansas City Southern in a report on Monday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $98.63.

In related news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

About Kansas City Southern

Kansas City Southern (KCS) is a holding company. The Company has 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’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KSU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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