Nissay Asset Management Corp Japan ADV boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,035 shares of the transportation company’s stock after purchasing an additional 421 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Kansas City Southern were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. CSat Investment Advisory L.P. boosted its position in Kansas City Southern by 82.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 266 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Bogart Wealth LLC bought a new stake in Kansas City Southern during the first quarter valued at about $46,000. Edmond DE Rothschild Holding S.A. bought a new stake in Kansas City Southern during the fourth quarter valued at about $43,000. Pearl River Capital LLC bought a new stake in Kansas City Southern during the fourth quarter valued at about $58,000. Finally, Essex Investment Management Co. LLC bought a new stake in Kansas City Southern during the fourth quarter valued at about $61,000. 91.36% of the stock is currently owned by institutional investors.
In other news, EVP Brian D. Hancock sold 4,648 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $124.77, for a total value of $579,930.96. Following the completion of the transaction, the executive vice president now directly owns 30,276 shares in the company, valued at $3,777,536.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick J. Ottensmeyer sold 13,800 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $124.48, for a total value of $1,717,824.00. Following the completion of the transaction, the chief executive officer now owns 109,725 shares of the company’s stock, valued at $13,658,568. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,285 shares of company stock valued at $3,870,266. Company insiders own 0.82% of the company’s stock.
Several equities research analysts have weighed in on the company. Citigroup raised their price target on Kansas City Southern from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Deutsche Bank reissued a “buy” rating on shares of Kansas City Southern in a report on Wednesday, February 20th. Cowen reissued a “buy” rating and issued a $136.00 price target on shares of Kansas City Southern in a report on Wednesday, May 1st. Bank of America reissued a “buy” rating and issued a $127.00 price target (up previously from $122.00) on shares of Kansas City Southern in a report on Wednesday, March 20th. Finally, Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $127.50.
Shares of NYSE KSU opened at $121.95 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.02. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. Kansas City Southern has a fifty-two week low of $90.55 and a fifty-two week high of $125.92.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.10. Kansas City Southern had a return on equity of 12.40% and a net margin of 21.30%. The firm had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $669.08 million. During the same period last year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Kansas City Southern will post 6.84 earnings per share for the current year.
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About Kansas City Southern
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company 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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