Pacer Advisors Inc. Buys 1,002 Shares of Kansas City Southern (NYSE:KSU)

Pacer Advisors Inc. increased its stake in shares of Kansas City Southern (NYSE:KSU) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,537 shares of the transportation company’s stock after acquiring an additional 1,002 shares during the period. Pacer Advisors Inc.’s holdings in Kansas City Southern were worth $1,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group raised its holdings in Kansas City Southern by 81.3% during the second quarter. Rehmann Capital Advisory Group now owns 223 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in Kansas City Southern by 164.8% during the second quarter. Berman Capital Advisors LLC now owns 241 shares of the transportation company’s stock worth $29,000 after acquiring an additional 150 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Kansas City Southern by 1,288.9% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 250 shares of the transportation company’s stock worth $33,000 after acquiring an additional 232 shares in the last quarter. HM Payson & Co. bought a new stake in Kansas City Southern during the second quarter worth about $32,000. Finally, Covington Capital Management bought a new stake in Kansas City Southern during the second quarter worth about $37,000. Institutional investors and hedge funds own 87.12% of the company’s stock.

KSU has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Raymond James boosted their price target on 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. Credit Suisse Group boosted their price target on Kansas City Southern from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Cowen set a $136.00 price target on Kansas City Southern and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Cascend Securities downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Six 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. The stock currently has an average rating of “Buy” and a consensus price target of $130.29.

In related news, EVP Warren K. Erdman sold 6,840 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Adam J. Godderz sold 1,390 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $125.13, for a total value of $173,930.70. Following the sale, the general counsel now directly owns 4,892 shares in the company, valued at approximately $612,135.96. The disclosure for this sale can be found here. Insiders have sold 11,730 shares of company stock worth $1,482,378 in the last three months. 0.82% of the stock is currently owned by company insiders.

Shares of Kansas City Southern stock traded up $8.12 on Friday, hitting $143.55. The stock had a trading volume of 1,575,844 shares, compared to its average volume of 690,440. Kansas City Southern has a twelve month low of $90.55 and a twelve month high of $136.14. The business’s 50 day moving average is $130.36 and its two-hundred day moving average is $122.89. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.47. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, October 18th. The transportation company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.79 by $0.15. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $734.39 million. Kansas City Southern had a return on equity of 12.45% and a net margin of 20.35%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. As a group, equities analysts predict that Kansas City Southern will post 6.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Monday, September 9th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Friday, September 6th. Kansas City Southern’s dividend payout ratio is currently 24.12%.

Kansas City Southern Profile

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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