State Treasurer State of Michigan decreased its holdings in Kansas City Southern (NYSE:KSU) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,312 shares of the transportation company’s stock after selling 1,700 shares during the quarter. State Treasurer State of Michigan’s holdings in Kansas City Southern were worth $3,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in shares of Kansas City Southern in the third quarter valued at approximately $1,750,000. QS Investors LLC lifted its stake in Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after acquiring an additional 7 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Kansas City Southern in the third quarter worth approximately $7,558,000. Fox Run Management L.L.C. purchased a new position in Kansas City Southern in the third quarter worth approximately $826,000. Finally, Janus Henderson Group PLC lifted its stake in Kansas City Southern by 64.7% in the third quarter. Janus Henderson Group PLC now owns 452,260 shares of the transportation company’s stock worth $49,151,000 after acquiring an additional 177,706 shares during the last quarter. 84.63% of the stock is owned by institutional investors and hedge funds.

KSU has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, January 24th. Loop Capital reiterated a “buy” rating and issued a $124.00 price target (up previously from $118.00) on shares of Kansas City Southern in a research note on Monday, October 23rd. Morgan Stanley lifted their price target on shares of Kansas City Southern from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Barclays lifted their price target on shares of Kansas City Southern from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $109.00 price target on shares of Kansas City Southern in a research note on Friday, November 24th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern has an average rating of “Buy” and a consensus price target of $115.47.

In other Kansas City Southern news, COO Jeffrey M. Songer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total transaction of $335,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Brian D. Hancock sold 2,325 shares of Kansas City Southern stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $113.00, for a total transaction of $262,725.00. Following the completion of the transaction, the chief marketing officer now directly owns 19,455 shares in the company, valued at $2,198,415. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.

Shares of Kansas City Southern (NYSE:KSU) opened at $103.77 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Kansas City Southern has a 1-year low of $81.54 and a 1-year high of $114.85. The firm has a market cap of $10,669.14, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.28 and a beta of 0.83.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, January 19th. The transportation company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.02. Kansas City Southern had a net margin of 37.24% and a return on equity of 12.07%. The company had revenue of $660.40 million for the quarter, compared to analysts’ expectations of $658.33 million. During the same quarter last year, the company earned $1.21 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. sell-side analysts expect that Kansas City Southern will post 6.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Monday, March 12th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, March 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.39%. Kansas City Southern’s payout ratio is currently 15.64%.

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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.

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

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