Kansas City Southern (KSU) Stake Lifted by First Manhattan Co.

First Manhattan Co. grew its holdings in Kansas City Southern (NYSE:KSU) by 139.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,745 shares of the transportation company’s stock after purchasing an additional 6,250 shares during the quarter. First Manhattan Co.’s holdings in Kansas City Southern were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Kansas City Southern by 32.3% in the 2nd quarter. Bank of America Corp DE now owns 1,186,541 shares of the transportation company’s stock valued at $125,724,000 after purchasing an additional 289,457 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Kansas City Southern by 2.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 337,358 shares of the transportation company’s stock valued at $35,746,000 after purchasing an additional 8,166 shares during the period. Aurora Investment Counsel acquired a new position in shares of Kansas City Southern in the 3rd quarter valued at about $2,008,000. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Kansas City Southern by 30.0% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 8,765 shares of the transportation company’s stock valued at $929,000 after purchasing an additional 2,025 shares during the period. Finally, Tiverton Asset Management LLC lifted its stake in shares of Kansas City Southern by 256.0% in the 2nd quarter. Tiverton Asset Management LLC now owns 39,973 shares of the transportation company’s stock valued at $4,236,000 after purchasing an additional 28,744 shares during the period. 87.76% of the stock is currently owned by institutional investors.

KSU stock opened at $106.12 on Friday. Kansas City Southern has a fifty-two week low of $99.47 and a fifty-two week high of $120.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.20. The company has a market cap of $10.49 billion, a P/E ratio of 20.21, a PEG ratio of 1.31 and a beta of 0.82.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.57. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $708.19 million. Kansas City Southern had a return on equity of 12.01% and a net margin of 36.91%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.35 EPS. On average, equities research analysts forecast that Kansas City Southern will post 6.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Monday, September 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, September 7th. Kansas City Southern’s dividend payout ratio is currently 27.43%.

A number of research analysts recently weighed in on KSU shares. Morgan Stanley upped their price target on Kansas City Southern from $106.00 to $108.00 and gave the stock a “$111.08” rating in a research note on Monday, July 23rd. Credit Suisse Group upped their price target on Kansas City Southern from $125.00 to $126.00 and gave the stock a “$111.08” rating in a research note on Monday, July 23rd. Loop Capital upped their price target on Kansas City Southern to $132.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Bank of America dropped their price target on Kansas City Southern from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 1st. Finally, Deutsche Bank raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Monday, October 15th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $123.33.

In other Kansas City Southern news, Director Lu M. Cordova sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $118.93, for a total transaction of $118,930.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Suzanne M. Grafton sold 729 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total value of $87,319.62. Following the sale, the vice president now directly owns 10,580 shares of the company’s stock, valued at $1,267,272.40. The disclosure for this sale can be found here. Insiders have sold a total of 7,171 shares of company stock valued at $841,712 over the last three months. Corporate insiders own 0.70% of the company’s stock.

About Kansas City Southern

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.

See Also: Why is the ex-dividend date different from the record date?

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

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