American International Group Inc. boosted its holdings in Kansas City Southern (NYSE:KSU) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,294 shares of the transportation company’s stock after purchasing an additional 2,070 shares during the quarter. American International Group Inc.’s holdings in Kansas City Southern were worth $4,338,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Assetmark Inc. acquired a new position in shares of Kansas City Southern in the 2nd quarter valued at approximately $101,000. TRUE Private Wealth Advisors acquired a new position in shares of Kansas City Southern in the 3rd quarter valued at approximately $118,000. Stratos Wealth Partners LTD. acquired a new position in shares of Kansas City Southern in the 3rd quarter valued at approximately $128,000. Palo Capital Inc. acquired a new position in shares of Kansas City Southern in the 3rd quarter valued at approximately $134,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Kansas City Southern by 104.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,214 shares of the transportation company’s stock valued at $138,000 after buying an additional 620 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
In other Kansas City Southern news, Director Henry J. Maier bought 1,000 shares of Kansas City Southern stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of $102.68 per share, with a total value of $102,680.00. Following the acquisition, the director now directly owns 7,122 shares of the company’s stock, valued at approximately $731,286.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.
Shares of Kansas City Southern stock opened at $98.22 on Friday. The company has a market cap of $10.25 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.29 and a beta of 0.83. 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.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.57. The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $708.19 million. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 EPS. Equities research analysts forecast that Kansas City Southern will post 5.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, December 28th. Kansas City Southern’s payout ratio is 27.43%.
KSU has been the subject of several analyst reports. Bank of America dropped their target price on shares of Kansas City Southern from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 1st. Deutsche Bank boosted their target price on shares of Kansas City Southern from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. 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. Loop Capital lifted their price target on shares of Kansas City Southern to $140.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Finally, Morgan Stanley lifted their price target on shares of Kansas City Southern from $108.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, October 9th. 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 currently has an average 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.
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