Trading Report: The Virginia Retirement Systems ET AL Acquires New Position in Kansas City Southern (KSU)

The Virginia Retirement Systems ET AL Acquires New Position in Kansas City Southern (KSU)

Virginia Retirement Systems ET AL bought a new stake in Kansas City Southern (NYSE:KSU) during the second quarter, Holdings Channel reports. The firm bought 4,000 shares of the company’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KSU. Seven Bridges Advisors LLC boosted its stake in shares of Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the company’s stock valued at $108,000 after buying an additional 277 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Kansas City Southern by 57.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,425 shares of the company’s stock valued at $128,000 after buying an additional 522 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Kansas City Southern by 1,065.2% in the second quarter. Meeder Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $138,000 after buying an additional 1,406 shares in the last quarter. ING Groep NV acquired a new stake in shares of Kansas City Southern during the first quarter valued at about $213,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Kansas City Southern during the first quarter valued at about $215,000. 91.33% of the stock is owned by institutional investors.

Kansas City Southern (NYSE:KSU) opened at 92.02 on Friday. The company has a 50-day moving average of $94.18 and a 200-day moving average of $92.47. Kansas City Southern has a 52-week low of $62.20 and a 52-week high of $100.69. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 20.03 and a beta of 1.14.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.14. The firm earned $569 million during the quarter, compared to analysts’ expectations of $572.20 million. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. Equities research analysts expect that Kansas City Southern will post $4.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, September 8th. Kansas City Southern’s payout ratio is 28.82%.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday. Loop Capital reissued a “buy” rating and set a $113.00 price target (down previously from $115.00) on shares of Kansas City Southern in a research report on Wednesday. BMO Capital Markets reissued a “market perform” rating and set a $98.00 price target on shares of Kansas City Southern in a research report on Tuesday, October 4th. Credit Suisse Group AG reissued a “hold” rating and set a $101.00 price target on shares of Kansas City Southern in a research report on Tuesday, September 13th. Finally, Citigroup Inc. increased their price target on shares of Kansas City Southern from $109.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has an average rating of “Hold” and a consensus target price of $100.92.

In other Kansas City Southern news, CFO Michael W. Upchurch sold 5,367 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $95.18, for a total value of $510,831.06. Following the transaction, the chief financial officer now directly owns 16,808 shares of the company’s stock, valued at approximately $1,599,785.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William J. Wochner sold 26,521 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total value of $2,607,544.72. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

About Kansas City Southern

Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.

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