State Board of Administration of Florida Retirement System reduced its position in shares of Kansas City Southern (NYSE:KSU) by 1.2% in the third quarter, HoldingsChannel.com reports. The firm owned 153,210 shares of the transportation company’s stock after selling 1,867 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Kansas City Southern were worth $17,356,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. ING Groep NV boosted its holdings in shares of Kansas City Southern by 4.3% during the second quarter. ING Groep NV now owns 10,987 shares of the transportation company’s stock worth $1,164,000 after purchasing an additional 458 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Kansas City Southern by 20.4% during the second quarter. Wedbush Securities Inc. now owns 2,955 shares of the transportation company’s stock worth $313,000 after purchasing an additional 500 shares during the period. Stanley Laman Group Ltd. boosted its holdings in shares of Kansas City Southern by 1.0% during the second quarter. Stanley Laman Group Ltd. now owns 54,092 shares of the transportation company’s stock worth $5,732,000 after purchasing an additional 548 shares during the period. WESPAC Advisors SoCal LLC boosted its holdings in shares of Kansas City Southern by 8.0% during the third quarter. WESPAC Advisors SoCal LLC now owns 7,425 shares of the transportation company’s stock worth $841,000 after purchasing an additional 550 shares during the period. Finally, Point72 Hong Kong Ltd boosted its holdings in shares of Kansas City Southern by 63.5% during the second quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock worth $152,000 after purchasing an additional 559 shares during the period. Institutional investors own 87.83% of the company’s stock.

In other Kansas City Southern news, Director Henry J. Maier bought 1,000 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was acquired at an average price of $102.68 per share, with a total value of $102,680.00. Following the completion of the purchase, the director now owns 7,122 shares of the company’s stock, valued at $731,286.96. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Suzanne M. Grafton sold 729 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total transaction of $87,319.62. Following the transaction, the vice president now directly owns 10,580 shares of the company’s stock, valued at approximately $1,267,272.40. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Several analysts have commented on KSU shares. Bank of America lowered their price objective on shares of Kansas City Southern from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 1st. Deutsche Bank raised their price objective on shares of Kansas City Southern from $119.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, September 27th. Zacks Investment Research upgraded shares of Kansas City Southern from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Loop Capital raised their price objective on shares of Kansas City Southern to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. Finally, Morgan Stanley raised their price objective on shares of Kansas City Southern from $108.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Kansas City Southern presently has a consensus rating of “Buy” and a consensus target price of $125.17.

Shares of NYSE KSU opened at $102.42 on Friday. Kansas City Southern has a fifty-two week low of $97.46 and a fifty-two week high of $120.34. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.32 and a beta of 0.82. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.57. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The business had revenue of $699.00 million during the quarter, compared to the consensus estimate of $708.19 million. During the same quarter last year, the firm earned $1.35 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Kansas City Southern will post 6.02 EPS for the current year.

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About Kansas City Southern

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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