Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $1.78 Million Stake in Kansas City Southern (KSU)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in shares of Kansas City Southern (NYSE:KSU) by 24.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,378 shares of the transportation company’s stock after selling 5,265 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Kansas City Southern were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in KSU. Bank of Montreal Can grew its holdings in shares of Kansas City Southern by 4.3% during the 2nd quarter. Bank of Montreal Can now owns 32,865 shares of the transportation company’s stock valued at $3,439,000 after purchasing an additional 1,356 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Kansas City Southern by 504.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 17,338 shares of the transportation company’s stock valued at $1,814,000 after purchasing an additional 14,469 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new stake in shares of Kansas City Southern during the 2nd quarter valued at approximately $209,000. V Wealth Management LLC bought a new stake in shares of Kansas City Southern during the 2nd quarter valued at approximately $169,000. Finally, Headinvest LLC bought a new stake in shares of Kansas City Southern during the 2nd quarter valued at approximately $246,000. 85.74% of the stock is currently owned by institutional investors.
KSU has been the topic of several research reports. Credit Suisse Group lifted their price target on shares of Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Bank of America Corporation lifted their price target on shares of Kansas City Southern from $112.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Zacks Investment Research lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub lowered shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, UBS AG reissued a “positive” rating and set a $117.00 target price (up from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $113.31.
In other news, SVP Mary K. Stadler sold 4,451 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $105.87, for a total value of $471,227.37. Following the completion of the sale, the senior vice president now owns 8,814 shares in the company, valued at approximately $933,138.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Antonio O. Garza sold 4,018 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total transaction of $433,702.92. Following the completion of the sale, the director now owns 4,920 shares of the company’s stock, valued at approximately $531,064.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,442 shares of company stock worth $1,727,525 in the last quarter. 0.95% of the stock is owned by corporate insiders.
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Kansas City Southern (KSU) opened at $104.80 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. Kansas City Southern has a 1 year low of $79.05 and a 1 year high of $109.13. The stock has a market cap of $10,851.32, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.55 and a beta of 0.84.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The company had revenue of $653.00 million for the quarter, compared to the consensus estimate of $651.95 million. During the same quarter in the previous year, the company earned $1.12 EPS. Kansas City Southern’s quarterly revenue was up 8.0% compared to the same quarter last year. research analysts expect that Kansas City Southern will post 5.21 earnings per share for the current fiscal year.
Kansas City Southern announced that its board has initiated a stock buyback program on Tuesday, August 15th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Kansas City Southern Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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