Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Kansas City Southern (NYSE:KSU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 75,005 shares of the transportation company’s stock, valued at approximately $8,140,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned 0.07% of Kansas City Southern as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in Kansas City Southern in the 3rd quarter worth approximately $1,750,000. QS Investors LLC lifted its holdings in Kansas City Southern by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares during the period. Fox Run Management L.L.C. purchased a new stake in Kansas City Southern in the 3rd quarter worth approximately $826,000. Eaton Vance Management lifted its holdings in Kansas City Southern by 179.5% in the 2nd quarter. Eaton Vance Management now owns 175,346 shares of the transportation company’s stock worth $18,350,000 after buying an additional 112,609 shares during the period. Finally, Westpac Banking Corp lifted its holdings in Kansas City Southern by 28.9% in the 2nd quarter. Westpac Banking Corp now owns 117,572 shares of the transportation company’s stock worth $12,304,000 after buying an additional 26,363 shares during the period. Institutional investors and hedge funds own 85.74% of the company’s stock.
In other Kansas City Southern news, SVP Mary K. Stadler sold 1,973 shares of Kansas City Southern stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total value of $205,014.43. Following the completion of the sale, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of Kansas City Southern stock in a transaction on Monday, August 28th. The stock was sold at an average price of $102.93, for a total value of $617,580.00. Following the completion of the sale, the insider now directly owns 42,087 shares of the company’s stock, valued at approximately $4,332,014.91. The disclosure for this sale can be found here. In the last three months, insiders sold 16,442 shares of company stock valued at $1,727,525. Corporate insiders own 0.95% of the company’s stock.
Several research firms have weighed in on KSU. Goldman Sachs Group, Inc. (The) began coverage on Kansas City Southern in a report on Monday. They issued a “neutral” rating and a $109.00 price objective for the company. Barclays PLC increased their price objective on Kansas City Southern from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Credit Suisse Group raised their target price on Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. BMO Capital Markets restated a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research note on Monday, October 23rd. Finally, Morgan Stanley raised their target price on Kansas City Southern from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $113.06.
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Kansas City Southern (NYSE KSU) traded down $0.45 during trading on Monday, hitting $104.80. The company’s stock had a trading volume of 628,900 shares, compared to its average volume of 1,258,949. The company has a market cap of $10,851.32, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84. Kansas City Southern has a twelve month low of $79.05 and a twelve month high of $109.13. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. The business had revenue of $653.00 million during the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. research analysts expect that Kansas City Southern will post 5.21 earnings per share for the current fiscal year.
Kansas City Southern announced that its Board of Directors has approved a stock buyback program on Tuesday, August 15th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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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