IBM Retirement Fund bought a new stake in shares of Kansas City Southern (NYSE:KSU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,533 shares of the transportation company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Boston Partners grew its holdings in Kansas City Southern by 98.9% during the 2nd quarter. Boston Partners now owns 5,008,266 shares of the transportation company’s stock valued at $610,100,000 after purchasing an additional 2,490,256 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Kansas City Southern by 2,195.1% in the second quarter. Nuveen Asset Management LLC now owns 646,555 shares of the transportation company’s stock worth $78,763,000 after buying an additional 618,384 shares in the last quarter. Invesco Ltd. increased its position in Kansas City Southern by 63.8% during the second quarter. Invesco Ltd. now owns 1,124,111 shares of the transportation company’s stock worth $136,938,000 after purchasing an additional 437,666 shares during the last quarter. Packer & Co Ltd increased its position in Kansas City Southern by 132.9% during the second quarter. Packer & Co Ltd now owns 759,998 shares of the transportation company’s stock worth $39,749,000 after purchasing an additional 433,708 shares during the last quarter. Finally, Scout Investments Inc. acquired a new stake in Kansas City Southern during the third quarter worth about $41,500,000. Institutional investors own 88.64% of the company’s stock.

In other news, EVP Warren K. Erdman sold 6,840 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $127.39, for a total value of $871,347.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

Shares of KSU traded down $1.08 during trading on Thursday, reaching $153.15. 386,477 shares of the company traded hands, compared to its average volume of 1,281,487. Kansas City Southern has a twelve month low of $90.55 and a twelve month high of $156.98. The stock has a market cap of $15.18 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95. The stock has a 50-day simple moving average of $139.46 and a 200-day simple moving average of $126.49. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 0.46.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, October 18th. The transportation company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $747.70 million during the quarter, compared to analysts’ expectations of $734.39 million. During the same period last year, the business earned $1.57 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Kansas City Southern will post 6.95 EPS for the current year.

Several equities research analysts recently issued reports on KSU shares. Raymond James raised their price objective on shares of Kansas City Southern from $151.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 21st. Morgan Stanley raised their price objective on shares of Kansas City Southern from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays set a $140.00 price objective on shares of Kansas City Southern and gave the stock a “hold” rating in a research report on Friday, October 18th. Loop Capital raised their price objective on shares of Kansas City Southern to $160.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Citigroup raised their price objective on shares of Kansas City Southern from $144.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Seven investment 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 stock. Kansas City Southern has an average rating of “Buy” and a consensus target price of $141.59.

Kansas City Southern 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.

Read More: What are benefits of a growth and income fund?

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

Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.