American International Group Inc. Grows Position in Kansas City Southern (KSU)

American International Group Inc. lifted its stake in shares of Kansas City Southern (NYSE:KSU) by 5.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,294 shares of the transportation company’s stock after acquiring an additional 2,070 shares during the period. American International Group Inc.’s holdings in Kansas City Southern were worth $4,338,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in shares of Kansas City Southern during the 2nd quarter valued at $101,000. TRUE Private Wealth Advisors acquired a new position in shares of Kansas City Southern during the 3rd quarter valued at $118,000. Stratos Wealth Partners LTD. acquired a new position in shares of Kansas City Southern during the 3rd quarter valued at $128,000. Palo Capital Inc. acquired a new position in shares of Kansas City Southern during the 3rd quarter valued at $134,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Kansas City Southern by 104.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,214 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 620 shares during the period. Institutional investors own 87.26% of the company’s stock.

In other news, Director Henry J. Maier bought 1,000 shares of Kansas City Southern stock in a transaction dated Friday, October 26th. The stock was purchased at an average price of $102.68 per share, for a total transaction of $102,680.00. Following the purchase, the director now directly owns 7,122 shares in the company, valued at approximately $731,286.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

KSU opened at $98.22 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. Kansas City Southern has a 1-year low of $95.54 and a 1-year high of $120.34. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83.

Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.57. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $708.19 million. During the same quarter in the prior year, the business posted $1.35 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Kansas City Southern will post 5.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Monday, December 31st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.47%. Kansas City Southern’s payout ratio is 27.43%.

KSU has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. ValuEngine downgraded shares of Kansas City Southern from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Deutsche Bank upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Monday, October 15th. Seaport Global Securities upgraded shares of Kansas City Southern from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. Finally, Loop Capital upped 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. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $126.64.

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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: Analyst Ratings

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

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