Bank of New York Mellon Corp Boosts Holdings in Kansas City Southern (KSU)

Bank of New York Mellon Corp grew its holdings in shares of Kansas City Southern (NYSE:KSU) by 2.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 836,212 shares of the transportation company’s stock after acquiring an additional 21,008 shares during the quarter. Bank of New York Mellon Corp’s holdings in Kansas City Southern were worth $88,603,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. purchased a new position in shares of Kansas City Southern in the 2nd quarter worth about $101,000. FNY Investment Advisers LLC purchased a new position in shares of Kansas City Southern in the 2nd quarter worth about $105,000. Point72 Hong Kong Ltd raised its position in shares of Kansas City Southern by 63.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock worth $152,000 after purchasing an additional 559 shares during the last quarter. Gideon Capital Advisors Inc. purchased a new position in shares of Kansas City Southern in the 2nd quarter worth about $204,000. Finally, Cypress Asset Management Inc. TX purchased a new position in shares of Kansas City Southern in the 2nd quarter worth about $219,000. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Lu M. Cordova sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Suzanne M. Grafton sold 729 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total transaction of $87,319.62. Following the sale, the vice president now directly owns 10,580 shares of the company’s stock, valued at approximately $1,267,272.40. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Kansas City Southern from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Cowen raised Kansas City Southern from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $124.00 to $138.00 in a research report on Wednesday, August 29th. Deutsche Bank boosted their target price on Kansas City Southern from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, September 27th. Bank of America decreased their target price on 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. Finally, Raymond James boosted their target price on Kansas City Southern from $128.00 to $133.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 31st. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern has an average rating of “Buy” and an average price target of $125.17.

Shares of NYSE:KSU opened at $102.42 on Friday. Kansas City Southern has a fifty-two week low of $97.46 and a fifty-two week 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. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.82.

Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share for the quarter, hitting the Zacks’ 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 during the quarter, compared to analyst estimates of $708.19 million. During the same quarter in the previous year, the firm earned $1.35 EPS. Kansas City Southern’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts forecast that Kansas City Southern will post 6.02 earnings per share for the current year.

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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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