Nippon Life Global Investors Americas Inc. raised its stake in Kansas City Southern (NYSE:KSU) by 112.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,530 shares of the transportation company’s stock after purchasing an additional 23,530 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Kansas City Southern were worth $5,044,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. ING Groep NV boosted its holdings in 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. boosted its holdings in 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. boosted its holdings in 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 boosted its holdings in 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 boosted its holdings in 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 owned by hedge funds and other institutional investors.
In other news, Director Henry J. Maier purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average cost of $102.68 per share, with a total value of $102,680.00. Following the acquisition, the director now directly owns 7,122 shares of the company’s stock, valued at approximately $731,286.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Suzanne M. Grafton sold 729 shares of Kansas City Southern stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total transaction of $87,319.62. Following the transaction, 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. 0.70% of the stock is currently owned by company insiders.
A number of brokerages have weighed in on KSU. Cowen raised shares of Kansas City Southern from a “market perform” rating to an “outperform” rating and increased their price target for the company from $124.00 to $138.00 in a report on Wednesday, August 29th. Loop Capital raised their price objective on shares of Kansas City Southern to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. Bank of America reduced their price objective on shares of Kansas City Southern from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 1st. Deutsche Bank began coverage on shares of Kansas City Southern in a report on Tuesday, September 4th. They set a “hold” rating and a $119.00 price objective for the company. Finally, Raymond James raised their price objective on shares of Kansas City Southern from $128.00 to $133.00 and gave the stock a “strong-buy” rating in a report on Friday, August 31st. Three research 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 stock. The stock has an average rating of “Buy” and a consensus target price of $125.17.
NYSE:KSU opened at $103.35 on Friday. The stock has a market cap of $10.37 billion, a PE ratio of 17.61, a price-to-earnings-growth 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. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, hitting analysts’ consensus estimates of $1.57. The company had revenue of $699.00 million during the quarter, compared to the consensus estimate of $708.19 million. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. On average, equities research analysts expect that Kansas City Southern will post 6.02 EPS for the current year.
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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