Independence Advisors LLC Invests $207,000 in Kansas City Southern (KSU) Stock

Independence Advisors LLC purchased a new stake in shares of Kansas City Southern (NYSE:KSU) during the first quarter, HoldingsChannel reports. The institutional investor purchased 1,783 shares of the transportation company’s stock, valued at approximately $207,000.

Several other hedge funds have also made changes to their positions in the stock. Boston Partners purchased a new stake in Kansas City Southern in the 1st quarter worth approximately $292,039,000. Stevens Capital Management LP purchased a new stake in Kansas City Southern in the 1st quarter worth approximately $1,093,000. Comerica Bank lifted its stake in Kansas City Southern by 0.5% in the 1st quarter. Comerica Bank now owns 19,770 shares of the transportation company’s stock worth $2,316,000 after purchasing an additional 96 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Kansas City Southern by 5.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 15,681 shares of the transportation company’s stock worth $1,819,000 after purchasing an additional 756 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Kansas City Southern by 7.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 61,666 shares of the transportation company’s stock worth $7,151,000 after purchasing an additional 4,085 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Shares of NYSE:KSU opened at $122.20 on Friday. The firm has a market capitalization of $12.60 billion, a PE ratio of 20.47, a P/E/G ratio of 1.41 and a beta of 0.90. Kansas City Southern has a one year low of $90.55 and a one year high of $125.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.02 and a current ratio of 1.36.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.10. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $669.08 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts expect that Kansas City Southern will post 6.84 EPS for the current fiscal year.

In related news, CEO Patrick J. Ottensmeyer sold 13,800 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $124.48, for a total transaction of $1,717,824.00. Following the transaction, the chief executive officer now owns 109,725 shares of the company’s stock, valued at approximately $13,658,568. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian D. Hancock sold 4,648 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $124.77, for a total transaction of $579,930.96. Following the transaction, the executive vice president now directly owns 30,276 shares in the company, valued at approximately $3,777,536.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,285 shares of company stock worth $3,870,266. 0.82% of the stock is owned by insiders.

KSU has been the topic of a number of research analyst reports. Citigroup increased their price target on shares of Kansas City Southern from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Deutsche Bank reissued a “buy” rating on shares of Kansas City Southern in a report on Wednesday, February 20th. Cowen reissued a “buy” rating and issued a $136.00 price target on shares of Kansas City Southern in a report on Wednesday, May 1st. Bank of America reissued a “buy” rating and issued a $127.00 price target (up previously from $122.00) on shares of Kansas City Southern in a report on Wednesday, March 20th. Finally, Raymond James increased their price target on shares of Kansas City Southern from $135.00 to $140.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $127.50.

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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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