Los Angeles Capital Management & Equity Research Inc. reduced its stake in Kansas City Southern (NYSE:KSU) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 285,589 shares of the transportation company’s stock after selling 12,345 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.28% of Kansas City Southern worth $32,352,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Kansas City Southern by 32.3% in the 2nd quarter. Bank of America Corp DE now owns 1,186,541 shares of the transportation company’s stock valued at $125,724,000 after buying an additional 289,457 shares in the last quarter. Aurora Investment Counsel purchased a new stake in Kansas City Southern in the 3rd quarter valued at $2,008,000. Verition Fund Management LLC purchased a new stake in Kansas City Southern in the 2nd quarter valued at $1,307,000. OppenheimerFunds Inc. lifted its stake in shares of Kansas City Southern by 2.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 337,358 shares of the transportation company’s stock valued at $35,746,000 after purchasing an additional 8,166 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in shares of Kansas City Southern by 1,582.9% in the 2nd quarter. WINTON GROUP Ltd now owns 60,199 shares of the transportation company’s stock valued at $6,379,000 after purchasing an additional 56,622 shares during the last quarter. Institutional investors own 87.83% of the company’s stock.
In related news, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $118.93, for a total transaction of $118,930.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Suzanne M. Grafton sold 729 shares of the stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total value of $87,319.62. Following the transaction, the vice president now directly owns 10,580 shares in the company, valued at approximately $1,267,272.40. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.57. Kansas City Southern had a return on equity of 11.98% and a net margin of 37.98%. The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $708.19 million. During the same quarter in the prior year, the company posted $1.35 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Kansas City Southern will post 6.02 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the company. BMO Capital Markets decreased their price target on Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Credit Suisse Group upped their price target on Kansas City Southern from $125.00 to $126.00 and gave the company a “$111.08” rating in a research note on Monday, July 23rd. Deutsche Bank raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Monday, October 15th. Loop Capital upped their price target on Kansas City Southern to $132.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Finally, Citigroup decreased their price target on Kansas City Southern from $123.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern has a consensus rating of “Buy” and an average target price of $125.17.
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About Kansas City Southern
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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