Bartlett & Co. LLC reduced its position in Kansas City Southern (NYSE:KSU) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,031 shares of the transportation company’s stock after selling 486 shares during the quarter. Bartlett & Co. LLC owned approximately 0.14% of Kansas City Southern worth $18,626,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Kansas City Southern by 9.2% in the 1st quarter. FMR LLC now owns 152,478 shares of the transportation company’s stock worth $17,684,000 after purchasing an additional 12,805 shares in the last quarter. Fulton Bank N.A. bought a new position in shares of Kansas City Southern in the 2nd quarter worth $331,000. DNB Asset Management AS increased its holdings in shares of Kansas City Southern by 18.5% in the 2nd quarter. DNB Asset Management AS now owns 17,235 shares of the transportation company’s stock worth $2,100,000 after buying an additional 2,693 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Kansas City Southern by 13.4% in the 2nd quarter. WINTON GROUP Ltd now owns 319,408 shares of the transportation company’s stock worth $38,910,000 after buying an additional 37,691 shares during the last quarter. Finally, Packer & Co Ltd increased its holdings in shares of Kansas City Southern by 132.9% in the 2nd quarter. Packer & Co Ltd now owns 759,998 shares of the transportation company’s stock worth $39,749,000 after buying an additional 433,708 shares during the last quarter. 88.20% of the stock is owned by institutional investors.
KSU stock opened at $151.40 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.58 and a current ratio of 0.78. Kansas City Southern has a 52 week low of $90.55 and a 52 week high of $151.93. The firm’s fifty day moving average is $136.93 and its 200 day moving average is $125.63. The firm has a market cap of $14.49 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.41 and a beta of 0.95.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 18th. The transportation company reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.15. Kansas City Southern had a net margin of 20.23% and a return on equity of 13.03%. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $734.39 million. During the same quarter last year, the firm earned $1.57 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, analysts forecast that Kansas City Southern will post 6.91 EPS for the current year.
In related news, EVP Warren K. Erdman sold 6,840 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $127.39, for a total transaction of $871,347.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on KSU shares. JPMorgan Chase & Co. increased their price target on shares of Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Deutsche Bank reissued a “buy” rating and issued a $165.00 price target on shares of Kansas City Southern in a report on Monday, October 21st. They noted that the move was a valuation call. Cascend Securities lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Loop Capital increased their price target on shares of Kansas City Southern to $160.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Citigroup increased their price target on shares of Kansas City Southern from $144.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $141.59.
Kansas City Southern Company Profile
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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