Eidelman Virant Capital Has $3.49 Million Holdings in Kansas City Southern (KSU)

Eidelman Virant Capital grew its position in Kansas City Southern (NYSE:KSU) by 35.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,800 shares of the transportation company’s stock after acquiring an additional 8,000 shares during the period. Kansas City Southern comprises approximately 1.7% of Eidelman Virant Capital’s investment portfolio, making the stock its 17th biggest position. Eidelman Virant Capital’s holdings in Kansas City Southern were worth $3,489,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in Kansas City Southern by 5.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,864,888 shares of the transportation company’s stock valued at $1,045,284,000 after acquiring an additional 545,885 shares in the last quarter. Strs Ohio grew its stake in Kansas City Southern by 2,565.6% during the 2nd quarter. Strs Ohio now owns 379,876 shares of the transportation company’s stock valued at $40,251,000 after acquiring an additional 365,625 shares in the last quarter. Renaissance Technologies LLC grew its stake in Kansas City Southern by 67.7% during the 2nd quarter. Renaissance Technologies LLC now owns 811,600 shares of the transportation company’s stock valued at $85,997,000 after acquiring an additional 327,700 shares in the last quarter. Bank of America Corp DE grew its stake in Kansas City Southern by 32.3% during 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 acquiring an additional 289,457 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC purchased a new stake in Kansas City Southern during the 2nd quarter valued at about $28,556,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

NYSE:KSU traded down $1.60 on Wednesday, hitting $103.68. The stock had a trading volume of 27,796 shares, compared to its average volume of 1,152,208. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.20 and a quick ratio of 0.85. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.43 and a beta of 0.82. Kansas City Southern has a 1-year low of $99.47 and a 1-year high of $120.34.

Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, July 20th. The transportation company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.02. The company had revenue of $682.40 million for the quarter, compared to analyst estimates of $686.12 million. Kansas City Southern had a net margin of 36.91% and a return on equity of 12.01%. Kansas City Southern’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. As a group, equities analysts anticipate that Kansas City Southern will post 6.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Monday, September 10th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $1.44 annualized dividend and a yield of 1.39%. Kansas City Southern’s payout ratio is 27.43%.

In other news, VP Suzanne M. Grafton sold 729 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael W. Upchurch sold 5,442 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $116.77, for a total transaction of $635,462.34. Following the completion of the transaction, the chief financial officer now owns 17,906 shares in the company, valued at $2,090,883.62. The disclosure for this sale can be found here. Insiders sold a total of 7,171 shares of company stock worth $841,712 over the last quarter. 0.70% of the stock is currently owned by company insiders.

Several analysts recently issued reports on KSU shares. Deutsche Bank upped their price objective on shares of Kansas City Southern from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research raised shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Cowen reaffirmed a “hold” rating and set a $124.00 price objective on shares of Kansas City Southern in a research note on Monday, July 23rd. Loop Capital upped their price objective on shares of Kansas City Southern to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Finally, Morgan Stanley upped their price objective on shares of Kansas City Southern from $106.00 to $108.00 and gave the company a “$111.08” rating in a research note on Monday, July 23rd. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Kansas City Southern presently has a consensus rating of “Buy” and an average target price of $123.33.

Kansas City Southern 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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