Verition Fund Management LLC Takes Position in Kansas City Southern (KSU)

Share on StockTwits

Verition Fund Management LLC bought a new position in Kansas City Southern (NYSE:KSU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,334 shares of the transportation company’s stock, valued at approximately $1,307,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. ING Groep NV boosted its holdings in shares of Kansas City Southern by 4.3% in the 2nd quarter. ING Groep NV now owns 10,987 shares of the transportation company’s stock worth $1,164,000 after acquiring an additional 458 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Kansas City Southern by 20.4% in the 2nd quarter. Wedbush Securities Inc. now owns 2,955 shares of the transportation company’s stock worth $313,000 after acquiring an additional 500 shares in the last quarter. Bedell Frazier Investment Counseling LLC boosted its holdings in shares of Kansas City Southern by 0.7% in the 1st quarter. Bedell Frazier Investment Counseling LLC now owns 72,428 shares of the transportation company’s stock worth $7,956,000 after acquiring an additional 515 shares in the last quarter. Avalon Advisors LLC boosted its holdings in shares of Kansas City Southern by 0.5% in the 1st quarter. Avalon Advisors LLC now owns 97,743 shares of the transportation company’s stock worth $10,737,000 after acquiring an additional 521 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in shares of Kansas City Southern by 1.0% in the 2nd quarter. Stanley Laman Group Ltd. now owns 54,092 shares of the transportation company’s stock worth $5,732,000 after acquiring an additional 548 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on KSU shares. 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 report on Thursday, September 27th. Zacks Investment Research upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Cowen restated a “hold” rating and issued a $124.00 price objective on shares of Kansas City Southern in a research report on Monday, July 23rd. Loop Capital boosted their price objective on shares of Kansas City Southern to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Finally, Morgan Stanley boosted their price objective on shares of Kansas City Southern from $106.00 to $108.00 and gave the stock a “$111.08” rating in a research report on Monday, July 23rd. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $123.33.

In other Kansas City Southern news, CFO Michael W. Upchurch sold 5,442 shares of the company’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $116.77, for a total transaction of $635,462.34. Following the completion of the sale, the chief financial officer now owns 17,906 shares in the company, valued at approximately $2,090,883.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Suzanne M. Grafton sold 729 shares of the company’s stock in a transaction on 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 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. Insiders have sold a total of 7,171 shares of company stock valued at $841,712 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

KSU stock traded down $0.38 during trading on Friday, hitting $102.57. The company had a trading volume of 1,737,474 shares, compared to its average volume of 1,152,000. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.20 and a quick ratio of 0.85. Kansas City Southern has a 12 month low of $99.47 and a 12 month high of $120.34. The stock has a market capitalization of $11.57 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Monday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, September 7th. Kansas City Southern’s payout ratio is 27.43%.

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.

Featured Article: How much money do you need to begin day trading?

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

Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply