Kansas City Southern (KSU) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its position in Kansas City Southern (NYSE:KSU) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 owned about 0.15% of Kansas City Southern worth $17,356,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KSU. ING Groep NV increased its holdings in shares of Kansas City Southern by 4.3% in 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. increased its holdings in shares of Kansas City Southern by 20.4% in 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. increased its holdings in shares of Kansas City Southern by 1.0% in 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 increased its holdings in shares of Kansas City Southern by 8.0% in 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 increased its holdings in shares of Kansas City Southern by 63.5% in 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. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Several research analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Kansas City Southern from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Zacks Investment Research raised shares of Kansas City Southern from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Credit Suisse Group upped their price target on shares of Kansas City Southern from $125.00 to $126.00 and gave the stock a “$111.08” rating in a report on Monday, July 23rd. Loop Capital upped their price target on shares of Kansas City Southern to $132.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Finally, Seaport Global Securities raised shares of Kansas City Southern from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $125.17.

KSU opened at $102.42 on Friday. The firm has a market capitalization of $10.54 billion, a P/E ratio of 19.51, a PEG ratio of 1.32 and a beta of 0.82. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. Kansas City Southern has a 52 week low of $97.46 and a 52 week high of $120.34.

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

In related news, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $118.93, for a total value of $118,930.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Suzanne M. Grafton sold 729 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total value of $87,319.62. Following the completion of the transaction, the vice president now directly owns 10,580 shares in the company, valued at approximately $1,267,272.40. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

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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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