Metropolitan Life Insurance Co. NY Lowers Stake in Kansas City Southern (NYSE:KSU)
Metropolitan Life Insurance Co. NY decreased its stake in shares of Kansas City Southern (NYSE:KSU) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,115 shares of the transportation company’s stock after selling 1,274 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.05% of Kansas City Southern worth $4,555,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Kansas City Southern by 734.5% in the fourth quarter. AQR Capital Management LLC now owns 55,444 shares of the transportation company’s stock worth $4,704,000 after buying an additional 48,800 shares during the last quarter. Norges Bank acquired a new stake in Kansas City Southern during the fourth quarter worth $100,550,000. Kentucky Retirement Systems acquired a new stake in Kansas City Southern during the fourth quarter worth $662,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Kansas City Southern during the fourth quarter worth $296,000. Finally, Highbridge Capital Management LLC boosted its stake in Kansas City Southern by 555.7% in the fourth quarter. Highbridge Capital Management LLC now owns 202,265 shares of the transportation company’s stock worth $17,162,000 after buying an additional 171,419 shares in the last quarter. Institutional investors own 86.26% of the company’s stock.
Kansas City Southern (NYSE KSU) traded down 0.06% during mid-day trading on Thursday, reaching $102.05. The company had a trading volume of 1,242,959 shares. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $106.35. The firm has a 50-day moving average price of $103.34 and a 200 day moving average price of $92.46. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 20.53 and a beta of 0.80.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.26 by $0.07. The company had revenue of $656.40 million during the quarter, compared to analyst estimates of $627.81 million. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 EPS. Analysts expect that Kansas City Southern will post $5.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Monday, June 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, June 8th. Kansas City Southern’s payout ratio is presently 26.51%.
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Several research analysts have recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating and issued a $114.00 price target on shares of Kansas City Southern in a research report on Tuesday, April 11th. BidaskClub lowered Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Aegis boosted their price target on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, June 19th. Cowen and Company boosted their price target on Kansas City Southern from $94.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, April 24th. Finally, UBS AG reaffirmed a “positive” rating and issued a $117.00 target price (up previously from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $103.31.
In related news, Director Robert J. Druten sold 3,500 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is currently owned by insiders.
Kansas City Southern Company Profile
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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