Zurich Insurance Group Ltd FI Increases Stake in Kansas City Southern (NYSE:KSU)

Zurich Insurance Group Ltd FI lifted its stake in Kansas City Southern (NYSE:KSU) by 699.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,166 shares of the transportation company’s stock after purchasing an additional 57,889 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Kansas City Southern were worth $8,060,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP purchased a new position in shares of Kansas City Southern in the 1st quarter valued at approximately $1,236,000. Raymond James Trust N.A. raised its position in shares of Kansas City Southern by 51.5% in the 2nd quarter. Raymond James Trust N.A. now owns 4,357 shares of the transportation company’s stock valued at $531,000 after purchasing an additional 1,482 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Kansas City Southern by 17.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 94,821 shares of the transportation company’s stock valued at $10,970,000 after purchasing an additional 13,868 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Kansas City Southern by 3.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 235,217 shares of the transportation company’s stock valued at $27,328,000 after purchasing an additional 8,428 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in Kansas City Southern during the 2nd quarter worth approximately $1,809,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Lu M. Cordova sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the sale, the director now owns 1,032 shares of the company’s stock, valued at approximately $128,484. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Warren K. Erdman sold 6,840 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $127.39, for a total transaction of $871,347.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,730 shares of company stock worth $1,482,378 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

KSU has been the subject of a number of recent research reports. Cascend Securities lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Cowen set a $136.00 price target on shares of Kansas City Southern and gave the stock a “buy” rating in a research report on Friday, July 19th. Raymond James raised their price target on shares of Kansas City Southern from $140.00 to $141.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley raised their price target on shares of Kansas City Southern from $111.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $130.36.

Shares of NYSE KSU traded down $0.26 during midday trading on Friday, reaching $132.04. 733,076 shares of the stock were exchanged, compared to its average volume of 791,206. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.31 and a beta of 0.92. Kansas City Southern has a twelve month low of $90.55 and a twelve month high of $134.09. The firm has a 50-day simple moving average of $124.23 and a two-hundred day simple moving average of $120.46. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.47.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, July 19th. The transportation company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $714.00 million for the quarter, compared to analysts’ expectations of $704.55 million. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. Research analysts expect that Kansas City Southern will post 6.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Monday, September 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.09%. Kansas City Southern’s payout ratio is 24.12%.

About Kansas City Southern

Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company 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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