Bank of New York Mellon Corp Boosts Position in Kansas City Southern (KSU)

Bank of New York Mellon Corp boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 836,212 shares of the transportation company’s stock after buying an additional 21,008 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.82% of Kansas City Southern worth $88,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ING Groep NV grew its position in Kansas City Southern by 4.3% during the second quarter. ING Groep NV now owns 10,987 shares of the transportation company’s stock valued at $1,164,000 after buying an additional 458 shares during the period. Wedbush Securities Inc. boosted its position in Kansas City Southern by 20.4% during the second quarter. Wedbush Securities Inc. now owns 2,955 shares of the transportation company’s stock worth $313,000 after purchasing an additional 500 shares during the period. Stanley Laman Group Ltd. boosted its position in Kansas City Southern by 1.0% during the second quarter. Stanley Laman Group Ltd. now owns 54,092 shares of the transportation company’s stock worth $5,732,000 after purchasing an additional 548 shares during the period. Point72 Hong Kong Ltd boosted its position in Kansas City Southern by 63.5% during the second quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock worth $152,000 after purchasing an additional 559 shares during the period. Finally, Pendal Group Ltd boosted its position in Kansas City Southern by 19.3% during the second quarter. Pendal Group Ltd now owns 3,559 shares of the transportation company’s stock worth $377,000 after purchasing an additional 576 shares during the period. Institutional investors own 87.83% of the company’s stock.

A number of equities analysts have weighed in on KSU shares. Loop Capital increased their target price on shares of Kansas City Southern to $132.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. Cowen reiterated a “hold” rating and set a $124.00 target price on shares of Kansas City Southern in a research report on Monday, July 23rd. Credit Suisse Group increased their target price on shares of Kansas City Southern from $125.00 to $126.00 and gave the stock a “$111.08” rating in a research report on Monday, July 23rd. Morgan Stanley increased their target price on shares of Kansas City Southern from $106.00 to $108.00 and gave the stock a “$111.08” rating in a research report on Monday, July 23rd. Finally, Zacks Investment Research upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $125.17.

KSU stock opened at $102.42 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.99. Kansas City Southern has a 12 month low of $97.46 and a 12 month high of $120.34. The company has a market capitalization of $10.35 billion, a PE ratio of 19.51, a PEG ratio of 1.30 and a beta of 0.82.

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, meeting analysts’ consensus estimates of $1.57. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The company had revenue of $699.00 million during the quarter, compared to analyst estimates of $708.19 million. During the same period last year, the business earned $1.35 earnings per share. Kansas City Southern’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that Kansas City Southern will post 6.02 EPS for the current year.

In other news, VP Suzanne M. Grafton sold 729 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total value of $87,319.62. Following the completion of the transaction, the vice president now directly owns 10,580 shares in the company, valued at $1,267,272.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Henry J. Maier acquired 1,000 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was purchased at an average price of $102.68 per share, with a total value of $102,680.00. Following the completion of the transaction, the director now directly owns 7,122 shares of the company’s stock, valued at approximately $731,286.96. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by company insiders.

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

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