Bank of Montreal Can raised its stake in shares of Kansas City Southern (NYSE:KSU) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,753 shares of the transportation company’s stock after purchasing an additional 2,438 shares during the period. Bank of Montreal Can’s holdings in Kansas City Southern were worth $5,076,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in KSU. CSat Investment Advisory L.P. grew its stake in shares of Kansas City Southern by 82.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 266 shares of the transportation company’s stock worth $25,000 after acquiring an additional 120 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Kansas City Southern in the fourth quarter worth $43,000. Bogart Wealth LLC acquired a new stake in shares of Kansas City Southern in the first quarter worth $46,000. Pearl River Capital LLC acquired a new stake in shares of Kansas City Southern in the fourth quarter worth $58,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Kansas City Southern in the fourth quarter worth $61,000. Institutional investors and hedge funds own 88.81% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets lifted their price target on shares of Kansas City Southern to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Cowen reiterated a “buy” rating and set a $136.00 price target on shares of Kansas City Southern in a research note on Wednesday, May 1st. Barclays decreased their price target on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Finally, Raymond James lifted their price target on shares of Kansas City Southern from $135.00 to $140.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $127.50.
In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 13,800 shares of Kansas City Southern stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $124.48, for a total transaction of $1,717,824.00. Following the completion of the transaction, the chief executive officer now directly owns 109,725 shares of the company’s stock, valued at $13,658,568. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Suzanne M. Grafton sold 1,000 shares of Kansas City Southern stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the transaction, the vice president now directly owns 10,218 shares of the company’s stock, valued at $1,257,529.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,285 shares of company stock valued at $3,870,266. Company insiders own 0.82% of the company’s stock.
KSU opened at $120.66 on Friday. Kansas City Southern has a fifty-two week low of $90.55 and a fifty-two week high of $125.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.02 and a current ratio of 1.36. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.10. The firm had revenue of $674.80 million for the quarter, compared to the consensus estimate of $669.08 million. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 earnings per share. On average, sell-side analysts anticipate that Kansas City Southern will post 6.84 EPS for the current fiscal 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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