Crossmark Global Holdings Inc. bought a new position in shares of Kansas City Southern (NYSE:KSU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,774 shares of the transportation company’s stock, valued at approximately $845,000.
Other institutional investors also recently modified their holdings of the company. Howe & Rusling Inc. acquired a new position in shares of Kansas City Southern during the 3rd quarter worth approximately $130,000. QS Investors LLC lifted its holdings in Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 7 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Kansas City Southern in the second quarter valued at approximately $160,000. V Wealth Management LLC acquired a new position in Kansas City Southern in the second quarter valued at approximately $169,000. Finally, Advisor Partners LLC acquired a new position in Kansas City Southern in the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 85.74% of the company’s stock.
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Shares of Kansas City Southern (KSU) opened at $104.80 on Monday. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The firm has a market capitalization of $10,851.32, a price-to-earnings ratio of 21.09, a PEG ratio of 1.55 and a beta of 0.84.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. Kansas City Southern’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 earnings per share. research analysts forecast that Kansas City Southern will post 5.21 EPS for the current fiscal year.
Kansas City Southern declared that its board has approved a stock repurchase plan on Tuesday, August 15th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $102.93, for a total value of $617,580.00. Following the transaction, the insider now owns 42,087 shares of the company’s stock, valued at $4,332,014.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Antonio O. Garza sold 4,018 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total value of $433,702.92. Following the completion of the transaction, the director now directly owns 4,920 shares in the company, valued at approximately $531,064.80. The disclosure for this sale can be found here. Insiders sold 16,442 shares of company stock worth $1,727,525 in the last three months. 0.95% of the stock is currently owned by corporate insiders.
KSU has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Thursday, August 24th. Cowen and Company reiterated a “hold” rating on shares of Kansas City Southern in a report on Friday, August 25th. Loop Capital reiterated a “buy” rating and issued a $124.00 price objective (up from $118.00) on shares of Kansas City Southern in a report on Monday, October 23rd. BMO Capital Markets reissued a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research report on Monday, October 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $118.00 target price on shares of Kansas City Southern in a research report on Thursday, September 21st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern currently has a consensus rating of “Buy” and a consensus target price of $113.31.
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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