Neuberger Berman Group LLC Sells 269,876 Shares of Kansas City Southern (KSU)

Neuberger Berman Group LLC decreased its position in shares of Kansas City Southern (NYSE:KSU) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 565,772 shares of the transportation company’s stock after selling 269,876 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.55% of Kansas City Southern worth $62,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KSU. Massachusetts Financial Services Co. MA boosted its holdings in shares of Kansas City Southern by 23.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,319,003 shares of the transportation company’s stock valued at $1,023,693,000 after acquiring an additional 1,764,684 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Kansas City Southern by 26.9% during the 4th quarter. Allianz Asset Management GmbH now owns 1,998,103 shares of the transportation company’s stock valued at $210,240,000 after acquiring an additional 423,999 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Kansas City Southern by 34.0% during the 4th quarter. Renaissance Technologies LLC now owns 982,400 shares of the transportation company’s stock valued at $103,368,000 after acquiring an additional 249,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Kansas City Southern by 171.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 320,333 shares of the transportation company’s stock valued at $33,705,000 after acquiring an additional 202,191 shares in the last quarter. Finally, Suffolk Capital Management LLC acquired a new stake in shares of Kansas City Southern during the 1st quarter valued at $16,481,000. 86.67% of the stock is currently owned by institutional investors.

In other news, VP Suzanne M. Grafton sold 300 shares of Kansas City Southern stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $107.97, for a total value of $32,391.00. Following the completion of the transaction, the vice president now directly owns 10,955 shares of the company’s stock, valued at approximately $1,182,811.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael W. Upchurch sold 2,074 shares of Kansas City Southern stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $110.15, for a total value of $228,451.10. Following the completion of the transaction, the chief financial officer now directly owns 15,590 shares of the company’s stock, valued at $1,717,238.50. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Shares of Kansas City Southern opened at $109.00 on Monday, Marketbeat Ratings reports. The firm has a market cap of $11.18 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.69 and a quick ratio of 0.49. Kansas City Southern has a 12-month low of $89.98 and a 12-month high of $114.91.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, April 20th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.05). The company had revenue of $638.60 million for the quarter, compared to the consensus estimate of $639.39 million. Kansas City Southern had a return on equity of 11.98% and a net margin of 36.75%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 earnings per share. analysts expect that Kansas City Southern will post 6.16 earnings per share for the current fiscal year.

Several research firms recently weighed in on KSU. Credit Suisse Group raised their price objective on Kansas City Southern from $122.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 23rd. Morgan Stanley raised their price objective on Kansas City Southern from $102.00 to $104.00 and gave the company an “equal weight” rating in a report on Friday, April 6th. Cowen reissued a “hold” rating and set a $116.00 price objective on shares of Kansas City Southern in a report on Monday, April 23rd. BMO Capital Markets raised Kansas City Southern from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Monday, April 23rd. Finally, Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern currently has an average rating of “Buy” and an average price target of $117.79.

Kansas City Southern Profile

Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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