5 Back-to-Work Stocks to Buy Now

3. Kansas City Southern (NYSE:KSU)

Number of Hedge Fund Holders: 59

Kansas City Southern (NYSE:KSU) is a transportation holding company. The reopening of offices will help the firm as people use buses, trains, and other forms of transport to commute to and back from work everyday, giving transport stocks a major boost after months of lockdown. 

Kansas City Southern (NYSE:KSU) has a market cap of $26 billion and posted $2.6 billion in revenue last year. The company was founded in 1887 and is headquartered in Missouri. It employs over 6,500 people. 

At the end of the third quarter of 2021, 59 hedge funds in the database of Insider Monkey held stakes worth $4.3 billion in Kansas City Southern (NYSE:KSU).

In its Q1 2021 investor letter, Miller/Howard Investments, an asset management firm, highlighted a few stocks and Kansas City Southern (NYSE:KSU)  was one of them. Here is what the fund said:

“Canadian Pacific Railway (CP) agreed to acquire Kansas City Southern (KSU) in the largest rail deal in over a decade. The merger will create the first rail network connecting Canada, the US, and Mexico, and it should benefit from the passage of the USMCA Trade Agreement. We initiated a position in KSU in Q4 as we expected it to benefit from growing North American trade and viewed it as a consolidation candidate.”