Chevy Chase Trust Holdings Inc. Sells 2,139 Shares of Kansas City Southern (KSU)
Chevy Chase Trust Holdings Inc. reduced its stake in shares of Kansas City Southern (NYSE:KSU) by 2.3% during the third quarter, Holdings Channel reports. The fund owned 90,110 shares of the company’s stock after selling 2,139 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Kansas City Southern were worth $8,409,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Kansas City Southern during the second quarter valued at about $613,000. Coastline Trust Co raised its stake in shares of Kansas City Southern by 1.5% in the second quarter. Coastline Trust Co now owns 6,598 shares of the company’s stock valued at $594,000 after buying an additional 100 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Kansas City Southern by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 60,000 shares of the company’s stock valued at $5,405,000 after buying an additional 2,320 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Kansas City Southern by 0.4% in the second quarter. Capstone Asset Management Co. now owns 7,827 shares of the company’s stock valued at $705,000 after buying an additional 30 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Kansas City Southern by 4.4% in the second quarter. Creative Planning now owns 4,100 shares of the company’s stock valued at $369,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.
Kansas City Southern (NYSE:KSU) traded down 0.322% during midday trading on Tuesday, reaching $88.195. The company’s stock had a trading volume of 606,068 shares. The company’s 50-day moving average is $89.03 and its 200 day moving average is $92.06. Kansas City Southern has a 12-month low of $62.20 and a 12-month high of $100.69. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 19.538 and a beta of 0.89.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.10. The business had revenue of $605 million for the quarter, compared to the consensus estimate of $411.30 million. Kansas City Southern had a net margin of 20.90% and a return on equity of 11.57%. Kansas City Southern’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 earnings per share. Equities analysts forecast that Kansas City Southern will post $4.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 18th. Stockholders of record on Friday, December 30th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 1.49%. Kansas City Southern’s dividend payout ratio (DPR) is 29.33%.
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Several analysts have issued reports on the company. Loop Capital restated a “buy” rating on shares of Kansas City Southern in a research note on Friday, September 9th. Atlantic Securities assumed coverage on Kansas City Southern in a research note on Thursday, August 11th. They issued a “neutral” rating and a $113.00 target price on the stock. Zacks Investment Research lowered Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Credit Suisse Group AG reiterated a “hold” rating and set a $101.00 price objective on shares of Kansas City Southern in a research note on Tuesday, September 13th. Finally, Citigroup Inc. boosted their price objective on Kansas City Southern from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. Kansas City Southern presently has an average rating of “Hold” and a consensus price target of $99.82.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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