Financial Counselors Inc. Sells 500 Shares of Kansas City Southern (KSU)

Financial Counselors Inc. decreased its position in Kansas City Southern (NYSE:KSU) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,082 shares of the transportation company’s stock after selling 500 shares during the period. Financial Counselors Inc.’s holdings in Kansas City Southern were worth $1,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ING Groep NV raised its stake in shares of Kansas City Southern by 4.3% in the 2nd quarter. ING Groep NV now owns 10,987 shares of the transportation company’s stock valued at $1,164,000 after purchasing an additional 458 shares during the period. Wedbush Securities Inc. raised its stake in shares of Kansas City Southern by 20.4% in the 2nd quarter. Wedbush Securities Inc. now owns 2,955 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 500 shares during the period. Stanley Laman Group Ltd. raised its stake in shares of Kansas City Southern by 1.0% in the 2nd quarter. Stanley Laman Group Ltd. now owns 54,092 shares of the transportation company’s stock valued at $5,732,000 after purchasing an additional 548 shares during the period. WESPAC Advisors SoCal LLC raised its stake in shares of Kansas City Southern by 8.0% in the 3rd quarter. WESPAC Advisors SoCal LLC now owns 7,425 shares of the transportation company’s stock valued at $841,000 after purchasing an additional 550 shares during the period. Finally, Point72 Hong Kong Ltd raised its stake in shares of Kansas City Southern by 63.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 559 shares during the period. 88.50% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:KSU opened at $103.35 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.32. The stock has a market capitalization of $10.37 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.30 and a beta of 0.82. Kansas City Southern has a 52-week low of $97.46 and a 52-week high of $120.34.

Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, meeting 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 11.98% and a net margin of 37.98%. Kansas City Southern’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. On average, analysts anticipate that Kansas City Southern will post 6.02 earnings per share for the current year.

Several analysts have issued reports on KSU shares. Deutsche Bank lifted their price target on Kansas City Southern from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research raised Kansas City Southern from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Seaport Global Securities raised Kansas City Southern from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Cowen reissued a “hold” rating and issued a $124.00 price target on shares of Kansas City Southern in a research note on Monday, July 23rd. Finally, Loop Capital lifted their price target on Kansas City Southern to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $125.17.

In related news, VP Suzanne M. Grafton sold 729 shares of Kansas City Southern stock in a transaction dated 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 owns 10,580 shares of the company’s stock, valued at $1,267,272.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry J. Maier bought 1,000 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was bought at an average cost of $102.68 per share, for a total transaction of $102,680.00. Following the transaction, the director now owns 7,122 shares of the company’s stock, valued at approximately $731,286.96. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by insiders.

Kansas City Southern Company 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.

Further Reading: Why is the conference call important?

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

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