Harvest Management LLC Acquires New Position in Kansas City Southern (NYSE:KSU)

Harvest Management LLC bought a new stake in Kansas City Southern (NYSE:KSU) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,500 shares of the transportation company’s stock, valued at approximately $452,000. Kansas City Southern accounts for about 0.5% of Harvest Management LLC’s portfolio, making the stock its 26th largest holding.

A number of other hedge funds also recently modified their holdings of KSU. Mesirow Financial Investment Management Equity Management boosted its position in shares of Kansas City Southern by 11.9% during the second quarter. Mesirow Financial Investment Management Equity Management now owns 8,560 shares of the transportation company’s stock worth $1,278,000 after buying an additional 910 shares during the period. Verition Fund Management LLC acquired a new stake in Kansas City Southern in the second quarter worth approximately $2,512,000. Raymond James Trust N.A. lifted its position in Kansas City Southern by 82.0% in the second quarter. Raymond James Trust N.A. now owns 9,366 shares of the transportation company’s stock worth $1,398,000 after purchasing an additional 4,219 shares during the period. Marshall Wace North America L.P. acquired a new stake in Kansas City Southern in the second quarter worth approximately $1,647,000. Finally, Natixis Advisors L.P. lifted its position in Kansas City Southern by 8.5% in the second quarter. Natixis Advisors L.P. now owns 16,423 shares of the transportation company’s stock worth $2,452,000 after purchasing an additional 1,284 shares during the period. Institutional investors own 88.72% of the company’s stock.

A number of research firms have weighed in on KSU. Stifel Nicolaus downgraded Kansas City Southern from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research report on Wednesday, August 5th. Morgan Stanley increased their price target on shares of Kansas City Southern from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Monday, October 5th. Raymond James raised their price objective on shares of Kansas City Southern from $183.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 10th. Barclays raised their price objective on shares of Kansas City Southern from $150.00 to $175.00 in a report on Monday, September 14th. Finally, BMO Capital Markets raised shares of Kansas City Southern from a “market perform” rating to an “outperform” rating and increased their price target for the company from $200.00 to $205.00 in a research note on Monday, October 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $174.52.

In other news, CAO Suzanne M. Grafton sold 917 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $184.37, for a total value of $169,067.29. Following the completion of the transaction, the chief accounting officer now directly owns 9,919 shares in the company, valued at approximately $1,828,766.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lora S. Cheatum sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $175.66, for a total transaction of $263,490.00. Following the completion of the transaction, the vice president now owns 17,398 shares of the company’s stock, valued at $3,056,132.68. The disclosure for this sale can be found here. 0.82% of the stock is currently owned by insiders.

Shares of KSU stock traded down $3.77 during midday trading on Monday, hitting $180.69. 2,626 shares of the company were exchanged, compared to its average volume of 1,208,038. The firm has a market capitalization of $17.27 billion, a P/E ratio of 30.49, a PEG ratio of 1.70 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.16 and a current ratio of 2.29. The firm’s 50 day moving average price is $183.61 and its two-hundred day moving average price is $160.67. Kansas City Southern has a 52 week low of $92.86 and a 52 week high of $200.00.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 16th. The transportation company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. The business had revenue of $659.60 million during the quarter, compared to the consensus estimate of $662.68 million. Kansas City Southern had a net margin of 21.68% and a return on equity of 13.91%. Kansas City Southern’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 EPS. Analysts expect that Kansas City Southern will post 7.03 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, September 11th. Kansas City Southern’s payout ratio is presently 23.19%.

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

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