Kansas City Southern (NYSE:KSU) Shares Acquired by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. raised its holdings in shares of Kansas City Southern (NYSE:KSU) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,524 shares of the transportation company’s stock after acquiring an additional 210 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Kansas City Southern were worth $1,282,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Kansas City Southern by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,864 shares of the transportation company’s stock valued at $136,010,000 after buying an additional 13,397 shares during the last quarter. Geode Capital Management LLC raised its stake in Kansas City Southern by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 1,303,947 shares of the transportation company’s stock valued at $124,240,000 after buying an additional 94,299 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Kansas City Southern in the first quarter valued at about $333,000. Meeder Asset Management Inc. raised its stake in Kansas City Southern by 794.3% in the first quarter. Meeder Asset Management Inc. now owns 5,938 shares of the transportation company’s stock valued at $687,000 after buying an additional 5,274 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its stake in Kansas City Southern by 5.4% in the first quarter. IFM Investors Pty Ltd now owns 6,957 shares of the transportation company’s stock valued at $807,000 after buying an additional 359 shares during the last quarter. 86.52% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:KSU traded up $3.00 during trading on Friday, hitting $120.07. The stock had a trading volume of 591,600 shares, compared to its average volume of 841,731. Kansas City Southern has a 12-month low of $90.55 and a 12-month high of $126.47. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $121.43 and a two-hundred day simple moving average of $117.25.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 19th. The transportation company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $704.55 million. Kansas City Southern had a return on equity of 12.45% and a net margin of 20.35%. Kansas City Southern’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $1.54 earnings per share. As a group, sell-side analysts forecast that Kansas City Southern will post 6.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Monday, September 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, September 6th. Kansas City Southern’s dividend payout ratio is currently 24.12%.

KSU has been the subject of a number of research analyst reports. Credit Suisse Group raised their price objective on Kansas City Southern from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Cowen set a $136.00 price objective on Kansas City Southern and gave the stock a “buy” rating in a research note on Friday, July 19th. Morgan Stanley raised their price objective on Kansas City Southern from $111.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. Raymond James raised their price objective on Kansas City Southern from $140.00 to $141.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $130.36.

In related news, Director Lu M. Cordova sold 1,000 shares of Kansas City Southern stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $116.85, for a total transaction of $116,850.00. Following the completion of the transaction, the director now directly owns 1,032 shares in the company, valued at $120,589.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Druten sold 2,500 shares of Kansas City Southern stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $125.04, for a total value of $312,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,890 shares of company stock valued at $727,881. 0.82% of the stock is owned by company insiders.

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.

Recommended Story: How to Track your Portfolio in Google Finance

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.