Everett Harris & Co. CA reduced its position in Kansas City Southern (NYSE:KSU) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,263 shares of the transportation company’s stock after selling 955 shares during the period. Everett Harris & Co. CA’s holdings in Kansas City Southern were worth $1,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Kansas City Southern by 2.3% in the 1st quarter. BlackRock Inc. now owns 7,280,141 shares of the transportation company’s stock worth $925,888,000 after buying an additional 165,739 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Kansas City Southern by 30.2% during the first quarter. Nuveen Asset Management LLC now owns 2,325,866 shares of the transportation company’s stock worth $295,803,000 after purchasing an additional 538,881 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kansas City Southern by 3.7% in the first quarter. Geode Capital Management LLC now owns 1,797,147 shares of the transportation company’s stock worth $228,175,000 after buying an additional 64,039 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Kansas City Southern by 28.3% during the first quarter. JPMorgan Chase & Co. now owns 1,502,677 shares of the transportation company’s stock valued at $191,111,000 after buying an additional 331,863 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Kansas City Southern in the fourth quarter worth $159,629,000. 91.44% of the stock is owned by institutional investors and hedge funds.

In other Kansas City Southern news, CAO Suzanne M. Grafton sold 300 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $147.15, for a total transaction of $44,145.00. Following the sale, the chief accounting officer now directly owns 9,633 shares of the company’s stock, valued at approximately $1,417,495.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian D. Hancock sold 3,500 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $156.75, for a total value of $548,625.00. Following the completion of the sale, the executive vice president now owns 24,936 shares of the company’s stock, valued at approximately $3,908,718. The disclosure for this sale can be found here. Insiders have sold 11,292 shares of company stock valued at $1,736,970 over the last 90 days. 0.82% of the stock is currently owned by insiders.

KSU has been the topic of several research reports. Wells Fargo & Co lifted their price target on Kansas City Southern from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Raymond James lifted their price target on shares of Kansas City Southern from $169.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 15th. Morgan Stanley increased their target price on Kansas City Southern from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Deutsche Bank reduced their price target on Kansas City Southern from $166.00 to $163.00 and set a “hold” rating for the company in a research report on Wednesday, June 17th. Finally, Barclays upped their target price on shares of Kansas City Southern from $142.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $157.70.

Shares of Kansas City Southern stock opened at $171.85 on Friday. The company has a market capitalization of $14.78 billion, a PE ratio of 22.81, a P/E/G ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.44 and a quick ratio of 2.16. The business has a 50-day moving average of $149.82 and a 200-day moving average of $147.49. Kansas City Southern has a 1-year low of $92.86 and a 1-year high of $184.16.

Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, July 17th. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. The company had revenue of $547.90 million during the quarter, compared to analyst estimates of $550.59 million. Kansas City Southern had a return on equity of 13.80% and a net margin of 20.63%. The business’s revenue was down 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 EPS. On average, equities analysts expect that Kansas City Southern will post 6.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, June 5th. Kansas City Southern’s payout ratio is 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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