South Dakota Investment Council Purchases Shares of 3,100 Kansas City Southern (KSU)

South Dakota Investment Council purchased a new position in shares of Kansas City Southern (NYSE:KSU) during the 1st quarter, Holdings Channel reports. The fund purchased 3,100 shares of the transportation company’s stock, valued at approximately $360,000.

A number of other institutional investors have also recently added to or reduced their stakes in KSU. JPMorgan Chase & Co. lifted its stake in shares of Kansas City Southern by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 248,926 shares of the transportation company’s stock valued at $28,198,000 after purchasing an additional 80,251 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Kansas City Southern by 2.2% in the third quarter. Legal & General Group Plc now owns 582,101 shares of the transportation company’s stock worth $65,940,000 after buying an additional 12,808 shares during the period. Morgan Stanley raised its holdings in shares of Kansas City Southern by 34.7% in the third quarter. Morgan Stanley now owns 999,755 shares of the transportation company’s stock worth $113,252,000 after buying an additional 257,695 shares during the period. First Hawaiian Bank raised its holdings in shares of Kansas City Southern by 15.3% in the fourth quarter. First Hawaiian Bank now owns 4,042 shares of the transportation company’s stock worth $386,000 after buying an additional 535 shares during the period. Finally, DNB Asset Management AS raised its holdings in shares of Kansas City Southern by 21.1% in the fourth quarter. DNB Asset Management AS now owns 14,450 shares of the transportation company’s stock worth $1,379,000 after buying an additional 2,522 shares during the period. 91.36% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Brian D. Hancock sold 4,648 shares of Kansas City Southern stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $124.77, for a total value of $579,930.96. Following the transaction, the executive vice president now directly owns 30,276 shares in the company, valued at approximately $3,777,536.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the vice president now owns 10,218 shares in the company, valued at $1,257,529.26. The disclosure for this sale can be found here. Insiders sold a total of 31,285 shares of company stock worth $3,870,266 over the last quarter. Company insiders own 0.82% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Raymond James raised their price objective on Kansas City Southern from $135.00 to $140.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 18th. BMO Capital Markets raised their price objective on Kansas City Southern to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Cowen restated a “buy” rating and set a $136.00 price objective on shares of Kansas City Southern in a report on Wednesday, May 1st. Finally, Loop Capital raised their price objective on Kansas City Southern to $142.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Kansas City Southern has an average rating of “Buy” and a consensus target price of $127.50.

KSU opened at $119.01 on Thursday. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.32 and a beta of 0.90. Kansas City Southern has a 52 week low of $90.55 and a 52 week high of $125.92. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.10. Kansas City Southern had a return on equity of 12.40% and a net margin of 21.30%. The business had revenue of $674.80 million for the quarter, compared to the consensus estimate of $669.08 million. During the same period last year, the business posted $1.30 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Kansas City Southern will post 6.84 EPS for the current fiscal year.

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

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