Massachusetts Financial Services Co. MA Decreases Stock Position in Kansas City Southern (NYSE:KSU)

Massachusetts Financial Services Co. MA lessened its position in Kansas City Southern (NYSE:KSU) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,935,252 shares of the transportation company’s stock after selling 97,749 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.10% of Kansas City Southern worth $1,321,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KSU. Boston Partners lifted its position in shares of Kansas City Southern by 98.9% in the second quarter. Boston Partners now owns 5,008,266 shares of the transportation company’s stock valued at $610,100,000 after acquiring an additional 2,490,256 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Kansas City Southern by 2,195.1% in the second quarter. Nuveen Asset Management LLC now owns 646,555 shares of the transportation company’s stock valued at $78,763,000 after acquiring an additional 618,384 shares in the last quarter. Invesco Ltd. lifted its position in shares of Kansas City Southern by 63.8% in the second quarter. Invesco Ltd. now owns 1,124,111 shares of the transportation company’s stock valued at $136,938,000 after acquiring an additional 437,666 shares in the last quarter. Packer & Co Ltd lifted its position in shares of Kansas City Southern by 132.9% in the second quarter. Packer & Co Ltd now owns 759,998 shares of the transportation company’s stock valued at $39,749,000 after acquiring an additional 433,708 shares in the last quarter. Finally, Scout Investments Inc. purchased a new position in shares of Kansas City Southern in the third quarter valued at approximately $41,500,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Kansas City Southern stock traded down $0.13 during trading on Monday, reaching $153.18. 587,990 shares of the company were exchanged, compared to its average volume of 1,023,283. Kansas City Southern has a 52-week low of $90.55 and a 52-week high of $155.52. The company has a market capitalization of $14.84 billion, a P/E ratio of 25.66, a PEG ratio of 1.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.58. The stock’s 50 day simple moving average is $137.78 and its two-hundred day simple moving average is $125.91.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, October 18th. The transportation company reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.15. Kansas City Southern had a return on equity of 13.03% and a net margin of 20.23%. The firm had revenue of $747.70 million for the quarter, compared to the consensus estimate of $734.39 million. During the same quarter last year, the business posted $1.57 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that Kansas City Southern will post 6.91 earnings per share for the current year.

Several research firms have recently weighed in on KSU. UBS Group raised their target price on Kansas City Southern from $143.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Deutsche Bank reiterated a “buy” rating and set a $165.00 price objective on shares of Kansas City Southern in a research report on Monday, October 21st. They noted that the move was a valuation call. Loop Capital lifted their price objective on Kansas City Southern to $160.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Cascend Securities downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $141.59.

In other Kansas City Southern news, EVP Warren K. Erdman sold 6,840 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $127.39, for a total transaction of $871,347.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is owned by company insiders.

Kansas City Southern Company 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.

Read More: Return on Investment (ROI)

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 MarketBeat.com's FREE daily email newsletter.