Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Kansas City Southern (NYSE:KSU) by 62.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 79,845 shares of the transportation company’s stock after selling 131,042 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Kansas City Southern worth $9,045,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Aurora Investment Counsel bought a new position in shares of Kansas City Southern during the third quarter worth about $2,008,000. Verition Fund Management LLC bought a new position in shares of Kansas City Southern during the second quarter worth about $1,307,000. Bank of America Corp DE grew 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 during the last quarter. OppenheimerFunds Inc. grew 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 during the last quarter. Finally, WINTON GROUP Ltd grew 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 during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

In other Kansas City Southern news, Director Henry J. Maier purchased 1,000 shares of the business’s stock in a transaction on Friday, October 26th. The stock was bought at an average cost of $102.68 per share, with a total value of $102,680.00. Following the acquisition, the director now owns 7,122 shares of the company’s stock, valued at $731,286.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Shares of KSU opened at $100.36 on Friday. The stock has a market capitalization of $10.25 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.99. Kansas City Southern has a 52-week low of $95.54 and a 52-week high of $120.34.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 16th. Shareholders of record on Monday, December 31st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, December 28th. Kansas City Southern’s payout ratio is 27.43%.

Several research firms have recently commented on KSU. Cowen upgraded shares of Kansas City Southern from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $124.00 to $138.00 in a research report on Wednesday, August 29th. Loop Capital increased their target price on shares of Kansas City Southern to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. Bank of America decreased their target price on shares of Kansas City Southern from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 1st. Deutsche Bank assumed coverage on shares of Kansas City Southern in a research report on Tuesday, September 4th. They issued a “hold” rating and a $119.00 target price for the company. Finally, Raymond James increased their target price on shares of Kansas City Southern from $128.00 to $133.00 and gave the company a “strong-buy” rating in a research report on Friday, August 31st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Kansas City Southern currently has a consensus rating of “Buy” and an average target price of $126.64.

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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.

See Also: Cost of Equity

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

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