Commonwealth Equity Services LLC Has $1.11 Million Holdings in Kansas City Southern (KSU)

Commonwealth Equity Services LLC cut its position in Kansas City Southern (NYSE:KSU) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,788 shares of the transportation company’s stock after selling 2,081 shares during the period. Commonwealth Equity Services LLC’s holdings in Kansas City Southern were worth $1,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Aurora Investment Counsel bought a new stake in shares of Kansas City Southern during the third quarter worth $2,008,000. Verition Fund Management LLC bought a new stake in shares of Kansas City Southern during the second quarter worth $1,307,000. Bank of America Corp DE increased its position in shares of Kansas City Southern by 32.3% during the second quarter. Bank of America Corp DE now owns 1,186,541 shares of the transportation company’s stock worth $125,724,000 after acquiring an additional 289,457 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Kansas City Southern by 2.5% during the second quarter. OppenheimerFunds Inc. now owns 337,358 shares of the transportation company’s stock worth $35,746,000 after acquiring an additional 8,166 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Kansas City Southern by 1,582.9% during the second quarter. WINTON GROUP Ltd now owns 60,199 shares of the transportation company’s stock worth $6,379,000 after acquiring an additional 56,622 shares in the last quarter. Institutional investors own 86.79% of the company’s stock.

In other news, Director Henry J. Maier acquired 1,000 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was bought at an average price of $102.68 per share, with a total value of $102,680.00. Following the transaction, the director now directly owns 7,122 shares in the company, valued at approximately $731,286.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Several brokerages have recently issued reports on KSU. BMO Capital Markets lowered their price objective on shares of Kansas City Southern from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Deutsche Bank raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Monday, October 15th. Zacks Investment Research downgraded shares of Kansas City Southern from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Citigroup decreased their target price on shares of Kansas City Southern from $123.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern presently has a consensus rating of “Buy” and an average price target of $126.64.

Kansas City Southern stock opened at $103.05 on Friday. The firm has a market capitalization of $10.29 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.82. Kansas City Southern has a 1-year low of $95.54 and a 1-year high of $120.34. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, meeting analysts’ consensus estimates of $1.57. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The company had revenue of $699.00 million during the quarter, compared to the consensus estimate of $708.19 million. During the same quarter last year, the firm posted $1.35 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Kansas City Southern will post 5.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Monday, December 31st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, December 28th. Kansas City Southern’s dividend payout ratio (DPR) is presently 27.43%.

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Kansas City Southern Company Profile

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

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