Westpac Banking Corp raised its stake in Kansas City Southern (NYSE:KSU) by 48.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,514 shares of the transportation company’s stock after purchasing an additional 56,942 shares during the period. Westpac Banking Corp owned about 0.17% of Kansas City Southern worth $18,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Kansas City Southern by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,363,571 shares of the transportation company’s stock worth $1,084,547,000 after acquiring an additional 253,631 shares during the period. Sustainable Growth Advisers LP lifted its position in Kansas City Southern by 19.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock worth $261,708,000 after acquiring an additional 412,275 shares during the period. Wells Fargo & Company MN lifted its position in Kansas City Southern by 11.2% during the 2nd quarter. Wells Fargo & Company MN now owns 2,388,555 shares of the transportation company’s stock worth $249,963,000 after acquiring an additional 241,403 shares during the period. Commonwealth Bank of Australia lifted its position in Kansas City Southern by 13.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,659,583 shares of the transportation company’s stock worth $173,674,000 after acquiring an additional 192,835 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Kansas City Southern by 16.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,466,587 shares of the transportation company’s stock worth $153,426,000 after acquiring an additional 211,518 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.
“Westpac Banking Corp Buys 56,942 Shares of Kansas City Southern (NYSE:KSU)” was first posted by GBand is of DT GB gearsofbiz it was US and international of 2017/11/10/westpac-banking-corp-boosts-holdings-in-kansas-city-southern-ksu
Kansas City Southern (KSU) traded down $0.87 during mid-day trading on Friday, reaching $104.38. 398,893 shares of the company’s stock were exchanged, compared to its average volume of 1,110,000. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53. Kansas City Southern has a one year low of $79.05 and a one year high of $109.13. The company has a market capitalization of $10,800.00, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.03. The business had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $651.95 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. equities analysts forecast that Kansas City Southern will post 5.21 earnings per share for the current fiscal year.
Kansas City Southern announced that its Board of Directors has authorized a share buyback program on Tuesday, August 15th that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Several analysts have recently commented on KSU shares. Credit Suisse Group raised their price target on Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Bank of America Corporation lifted their price objective on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, UBS AG reissued a “positive” rating and set a $117.00 price target (up previously from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $113.31.
In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $102.93, for a total transaction of $617,580.00. Following the transaction, the insider now directly owns 42,087 shares of the company’s stock, valued at $4,332,014.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Henry J. Maier acquired 3,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $106.19 per share, for a total transaction of $318,570.00. Following the completion of the purchase, the director now directly owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 16,442 shares of company stock worth $1,727,525. Insiders own 0.95% of the company’s stock.
Kansas City Southern Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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