State of New Jersey Common Pension Fund D reduced its position in Kansas City Southern (NYSE:KSU) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,000 shares of the transportation company’s stock after selling 40,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.35% of Kansas City Southern worth $42,637,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KSU. Dimensional Fund Advisors LP raised its position in Kansas City Southern by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,864 shares of the transportation company’s stock worth $136,010,000 after acquiring an additional 13,397 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kansas City Southern by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 1,303,947 shares of the transportation company’s stock valued at $124,240,000 after purchasing an additional 94,299 shares during the last quarter. Hancock Whitney Corp grew its holdings in Kansas City Southern by 2.7% in the fourth quarter. Hancock Whitney Corp now owns 5,136 shares of the transportation company’s stock valued at $490,000 after purchasing an additional 136 shares during the last quarter. Millennium Management LLC grew its holdings in Kansas City Southern by 119.3% in the fourth quarter. Millennium Management LLC now owns 84,377 shares of the transportation company’s stock valued at $8,054,000 after purchasing an additional 45,904 shares during the last quarter. Finally, HRT Financial LLC acquired a new stake in Kansas City Southern in the fourth quarter valued at $243,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

NYSE:KSU traded up $0.16 during midday trading on Monday, reaching $124.62. 22,010 shares of the company traded hands, compared to its average volume of 924,910. The firm has a fifty day moving average of $120.55. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93. Kansas City Southern has a twelve month low of $90.55 and a twelve month high of $126.47.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 19th. The transportation company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Kansas City Southern had a return on equity of 12.45% and a net margin of 20.35%. The firm had revenue of $714.00 million for the quarter, compared to the consensus estimate of $704.55 million. During the same quarter in the previous year, the business earned $1.54 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that Kansas City Southern will post 6.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, June 7th. Kansas City Southern’s dividend payout ratio is presently 24.12%.

In other news, CMO Michael J. Naatz sold 11,837 shares of Kansas City Southern stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $122.45, for a total transaction of $1,449,440.65. Following the transaction, the chief marketing officer now owns 18,764 shares in the company, valued at $2,297,651.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Druten sold 2,500 shares of Kansas City Southern stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $125.04, for a total value of $312,600.00. The disclosure for this sale can be found here. Insiders sold a total of 17,727 shares of company stock worth $2,175,891 in the last three months. Company insiders own 0.82% of the company’s stock.

KSU has been the topic of several research reports. Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Barclays lowered their target price on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. Morgan Stanley raised OIL SEARCH LTD/ADR from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 22nd. Cascend Securities lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Credit Suisse Group raised StoneCo from a “neutral” rating to an “outperform” rating in a research note on Monday, July 22nd. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $130.36.

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.

See Also: Technical Analysis of Stocks and What It Means

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.