Pennsylvania Trust Co Purchases Shares of 299,357 Kansas City Southern (KSU)

Pennsylvania Trust Co purchased a new stake in Kansas City Southern (NYSE:KSU) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 299,357 shares of the transportation company’s stock, valued at approximately $14,426,000. Pennsylvania Trust Co owned about 0.30% of Kansas City Southern as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. First Citizens Bank & Trust Co. acquired a new position in Kansas City Southern in the 1st quarter valued at $449,000. Foresters Investment Management Company Inc. raised its holdings in Kansas City Southern by 206.6% in the 4th quarter. Foresters Investment Management Company Inc. now owns 204,800 shares of the transportation company’s stock valued at $19,548,000 after acquiring an additional 138,000 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Kansas City Southern by 8.9% during the 4th quarter. IFM Investors Pty Ltd now owns 6,598 shares of the transportation company’s stock worth $630,000 after buying an additional 541 shares during the last quarter. RWC Asset Management LLP increased its holdings in shares of Kansas City Southern by 8.7% during the 4th quarter. RWC Asset Management LLP now owns 405,651 shares of the transportation company’s stock worth $38,719,000 after buying an additional 32,456 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Kansas City Southern during the 4th quarter worth $575,000. Institutional investors own 89.11% of the company’s stock.

Shares of Kansas City Southern stock opened at $117.99 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.06. Kansas City Southern has a twelve month low of $90.55 and a twelve month high of $120.34. The firm has a market cap of $11.83 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. Kansas City Southern had a net margin of 23.12% and a return on equity of 12.11%. The firm had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $669.08 million. During the same period in the prior year, the company earned $1.30 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Kansas City Southern will post 6.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 11th were given a dividend of $0.36 per share. The ex-dividend date was Friday, March 8th. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. Kansas City Southern’s dividend payout ratio (DPR) is 24.12%.

A number of analysts have recently commented on the company. Barclays dropped their price objective on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Citigroup upped their price objective on Kansas City Southern from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Bank of America restated a “buy” rating and set a $127.00 price objective (up from $122.00) on shares of Kansas City Southern in a report on Wednesday, March 20th. Loop Capital set a $132.00 price objective on Kansas City Southern and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Deutsche Bank restated a “buy” rating on shares of Kansas City Southern in a report on Wednesday, February 20th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has a consensus rating of “Buy” and an average price target of $125.16.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Modern Readers and is the property of of Modern Readers. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.modernreaders.com/news/2019/04/17/pennsylvania-trust-co-purchases-shares-of-299357-kansas-city-southern-ksu.html.

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.

Recommended Story: What is Net Asset Value (NAV)?

Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).

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

Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.