Congress Asset Management Co. MA boosted its position in shares of Kansas City Southern (NYSE:KSU) by 37.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,034 shares of the transportation company’s stock after acquiring an additional 2,178 shares during the period. Congress Asset Management Co. MA’s holdings in Kansas City Southern were worth $1,069,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of KSU. Rehmann Capital Advisory Group grew its stake in shares of Kansas City Southern by 81.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 223 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Horan Capital Advisors LLC. acquired a new position in Kansas City Southern during the 3rd quarter worth $28,000. Berman Capital Advisors LLC lifted its holdings in Kansas City Southern by 164.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 241 shares of the transportation company’s stock worth $29,000 after buying an additional 150 shares in the last quarter. HM Payson & Co. acquired a new position in Kansas City Southern during the 2nd quarter worth $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in Kansas City Southern by 1,288.9% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 250 shares of the transportation company’s stock worth $33,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.
In other news, EVP Warren K. Erdman sold 6,840 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $127.39, for a total transaction of $871,347.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is owned by corporate insiders.
Several research firms have issued reports on KSU. JPMorgan Chase & Co. upped their price objective on Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group upped their price objective on Kansas City Southern from $143.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Raymond James upped their price objective on Kansas City Southern from $151.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Monday, October 21st. BMO Capital Markets upped their price objective on Kansas City Southern from $140.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Cascend Securities downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $141.59.
Shares of KSU stock traded up $0.15 during mid-day trading on Friday, hitting $153.98. 99,797 shares of the stock traded hands, compared to its average volume of 1,244,466. The stock has a market cap of $14.84 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.44 and a beta of 0.95. The stock’s fifty day moving average is $137.36 and its two-hundred day moving average is $125.77. Kansas City Southern has a 52-week low of $90.55 and a 52-week high of $155.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.58.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data 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 firm had revenue of $747.70 million during the quarter, compared to analyst estimates of $734.39 million. During the same period last year, the firm posted $1.57 EPS. Kansas City Southern’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that Kansas City Southern will post 6.91 EPS for the current fiscal year.
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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