River Road Asset Management LLC trimmed its position in shares of Kansas City Southern (NYSE:KSU) by 14.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,412 shares of the transportation company’s stock after selling 15,250 shares during the period. River Road Asset Management LLC owned approximately 84,423.41% of Kansas City Southern worth $9,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KSU. Bank of Montreal Can raised its holdings in shares of Kansas City Southern by 4.3% during the 2nd quarter. Bank of Montreal Can now owns 32,865 shares of the transportation company’s stock worth $3,439,000 after acquiring an additional 1,356 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Kansas City Southern by 8.1% during the 2nd quarter. Fisher Asset Management LLC now owns 754,495 shares of the transportation company’s stock valued at $78,958,000 after purchasing an additional 56,317 shares during the last quarter. Somerset Trust Co increased its position in shares of Kansas City Southern by 3.5% during the 2nd quarter. Somerset Trust Co now owns 2,774 shares of the transportation company’s stock valued at $290,000 after purchasing an additional 93 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Kansas City Southern by 504.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 17,338 shares of the transportation company’s stock valued at $1,814,000 after purchasing an additional 14,469 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of Kansas City Southern by 14.3% during the 2nd quarter. CENTRAL TRUST Co now owns 37,605 shares of the transportation company’s stock valued at $3,935,000 after purchasing an additional 4,705 shares during the last quarter. 85.84% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on KSU shares. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Thursday, August 24th. Cowen and Company reissued a “hold” rating on shares of Kansas City Southern in a research report on Friday, August 25th. Loop Capital reissued a “buy” rating and set a $124.00 target price (up previously from $118.00) on shares of Kansas City Southern in a research report on Monday, October 23rd. BMO Capital Markets reissued a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a research report on Monday, October 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $118.00 target price on shares of Kansas City Southern in a research report on Thursday, September 21st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kansas City Southern currently has an average rating of “Buy” and an average price target of $113.31.

In other news, SVP Mary K. Stadler sold 1,973 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total transaction of $205,014.43. Following the transaction, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $634,058.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary K. Stadler sold 4,451 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $105.87, for a total value of $471,227.37. Following the transaction, the senior vice president now directly owns 8,814 shares in the company, valued at approximately $933,138.18. The disclosure for this sale can be found here. Insiders have sold a total of 16,442 shares of company stock worth $1,727,525 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Kansas City Southern (NYSE KSU) traded down $0.45 on Friday, hitting $104.80. The stock had a trading volume of 626,805 shares, compared to its average volume of 1,173,436. Kansas City Southern has a fifty-two week low of $79.05 and a fifty-two week high of $109.13. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a market cap of $10,897.91, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $651.95 million. During the same quarter in the prior year, the company earned $1.12 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. equities analysts forecast that Kansas City Southern will post 5.21 EPS for the current fiscal year.

Kansas City Southern declared that its board has initiated a share repurchase program on Tuesday, August 15th that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/river-road-asset-management-llc-sells-15250-shares-of-kansas-city-southern-ksu/1695601.html.

Kansas City Southern Company 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.

Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).

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 Analyst Ratings Network's FREE daily email newsletter.