Kansas City Southern (NYSE:KSU) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of Kansas City Southern (NYSE:KSU) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,571 shares of the transportation company’s stock after acquiring an additional 1,255 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kansas City Southern were worth $1,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global X Management Co. LLC raised its stake in Kansas City Southern by 129.1% during the 1st quarter. Global X Management Co. LLC now owns 25,150 shares of the transportation company’s stock valued at $2,763,000 after buying an additional 14,173 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Kansas City Southern by 12.5% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 6,740 shares of the transportation company’s stock valued at $740,000 after buying an additional 750 shares during the last quarter. Wells Fargo & Company MN raised its stake in Kansas City Southern by 5.8% during the 1st quarter. Wells Fargo & Company MN now owns 2,598,403 shares of the transportation company’s stock valued at $285,436,000 after buying an additional 143,418 shares during the last quarter. Dupont Capital Management Corp raised its stake in Kansas City Southern by 404.7% during the 1st quarter. Dupont Capital Management Corp now owns 1,842 shares of the transportation company’s stock valued at $202,000 after buying an additional 1,477 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Kansas City Southern during the 1st quarter valued at $1,098,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Shares of NYSE KSU traded up $0.02 during mid-day trading on Friday, hitting $115.96. 1,306,800 shares of the company’s stock traded hands, compared to its average volume of 1,157,890. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 1.49 and a beta of 0.83. Kansas City Southern has a 1 year low of $99.47 and a 1 year high of $120.34.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 20th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.02. The firm had revenue of $682.40 million for the quarter, compared to analysts’ expectations of $686.12 million. Kansas City Southern had a net margin of 36.91% and a return on equity of 12.01%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. equities analysts predict that Kansas City Southern will post 6.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Monday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, September 7th. Kansas City Southern’s dividend payout ratio is 27.43%.

In related news, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $118.93, for a total value of $118,930.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael W. Upchurch sold 5,442 shares of the stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $116.77, for a total transaction of $635,462.34. Following the completion of the sale, the chief financial officer now directly owns 17,906 shares in the company, valued at $2,090,883.62. The disclosure for this sale can be found here. Insiders have sold a total of 7,171 shares of company stock worth $841,712 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Several equities research analysts have recently commented on KSU shares. Zacks Investment Research lowered Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Raymond James upped their price objective on Kansas City Southern from $128.00 to $133.00 and gave the stock a “strong-buy” rating in a research note on Friday. Loop Capital upped their price objective on Kansas City Southern to $140.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price objective on shares of Kansas City Southern in a research note on Saturday, June 2nd. Finally, Credit Suisse Group upped their price objective on Kansas City Southern from $125.00 to $126.00 and gave the stock a “$111.08” rating in a research note on Monday, July 23rd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.69.

Kansas City Southern Company Profile

Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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