Raymond James Financial Services Advisors Inc. Boosts Position in Kansas City Southern (KSU)

Raymond James Financial Services Advisors Inc. increased its position in Kansas City Southern (NYSE:KSU) by 17.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 265,824 shares of the transportation company’s stock after purchasing an additional 40,203 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kansas City Southern were worth $30,833,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KSU. SVA Plumb Wealth Management LLC raised its holdings in Kansas City Southern by 10.7% during the first quarter. SVA Plumb Wealth Management LLC now owns 14,162 shares of the transportation company’s stock worth $1,643,000 after buying an additional 1,372 shares during the last quarter. Moors & Cabot Inc. grew its stake in Kansas City Southern by 5.7% in the first quarter. Moors & Cabot Inc. now owns 6,228 shares of the transportation company’s stock worth $726,000 after purchasing an additional 335 shares in the last quarter. CIBC Asset Management Inc grew its stake in Kansas City Southern by 14.2% in the first quarter. CIBC Asset Management Inc now owns 11,829 shares of the transportation company’s stock worth $1,372,000 after purchasing an additional 1,467 shares in the last quarter. Toronto Dominion Bank grew its stake in Kansas City Southern by 15.2% in the first quarter. Toronto Dominion Bank now owns 71,891 shares of the transportation company’s stock worth $8,336,000 after purchasing an additional 9,503 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in Kansas City Southern by 1.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 56,569 shares of the transportation company’s stock worth $6,561,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 91.36% of the company’s stock.

Shares of KSU traded up $1.41 on Thursday, hitting $121.14. 2,892 shares of the stock traded hands, compared to its average volume of 1,131,719. The company has a market capitalization of $11.80 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. Kansas City Southern has a one year low of $90.55 and a one year high of $125.92.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.10. The company had revenue of $674.80 million during the quarter, compared to the consensus estimate of $669.08 million. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 earnings per share. On average, sell-side analysts expect that Kansas City Southern will post 6.84 EPS for the current year.

A number of equities analysts have commented on KSU shares. Loop Capital decreased their target price on Kansas City Southern from $136.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. Credit Suisse Group reiterated a “buy” rating and set a $129.00 target price (up from $116.00) on shares of Kansas City Southern in a report on Sunday, January 20th. Stifel Nicolaus lifted their target price on shares of Kansas City Southern from $120.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, January 22nd. Deutsche Bank reiterated a “buy” rating on shares of Kansas City Southern in a report on Wednesday, February 20th. Finally, Citigroup lifted their target price on shares of Kansas City Southern from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Kansas City Southern presently has an average rating of “Buy” and a consensus price target of $127.50.

In related news, CMO Michael J. Naatz sold 11,837 shares of Kansas City Southern stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $122.45, for a total value of $1,449,440.65. Following the completion of the transaction, the chief marketing officer now owns 18,764 shares in the company, valued at $2,297,651.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian D. Hancock sold 4,648 shares of Kansas City Southern stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 30,276 shares of the company’s stock, valued at approximately $3,777,536.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,285 shares of company stock valued at $3,870,266. 0.82% of the stock is currently owned by insiders.

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About Kansas City Southern

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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