Tocqueville Asset Management L.P. cut its holdings in Kansas City Southern (NYSE:KSU) by 16.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,136 shares of the transportation company’s stock after selling 23,768 shares during the quarter. Tocqueville Asset Management L.P. owned 0.11% of Kansas City Southern worth $12,839,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. QS Investors LLC increased its position in shares of Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after buying an additional 7 shares in the last quarter. Savant Capital LLC increased its position in shares of Kansas City Southern by 0.4% in the second quarter. Savant Capital LLC now owns 3,214 shares of the transportation company’s stock valued at $336,000 after buying an additional 13 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Kansas City Southern by 1.2% in the second quarter. Moors & Cabot Inc. now owns 4,277 shares of the transportation company’s stock valued at $447,000 after buying an additional 51 shares in the last quarter. First Manhattan Co. increased its position in shares of Kansas City Southern by 1.2% in the second quarter. First Manhattan Co. now owns 4,547 shares of the transportation company’s stock valued at $475,000 after buying an additional 52 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in shares of Kansas City Southern by 0.4% in the second quarter. Financial Counselors Inc. now owns 12,230 shares of the transportation company’s stock valued at $1,280,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.

A number of research firms have recently commented on KSU. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Monday, October 2nd. Morgan Stanley restated an “equal weight” rating and issued a $88.00 price objective (down from $93.00) on shares of Kansas City Southern in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price target on shares of Kansas City Southern in a research report on Thursday, September 21st. Citigroup Inc reiterated a “buy” rating and set a $123.00 price target (up from $116.00) on shares of Kansas City Southern in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and an average price target of $113.31.

Kansas City Southern (KSU) opened at $104.86 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. The company had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share. equities analysts forecast that Kansas City Southern will post 5.21 EPS for the current fiscal year.

Kansas City Southern declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 15th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

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In other news, SVP Mary K. Stadler sold 4,451 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $105.87, for a total value of $471,227.37. Following the transaction, the senior vice president now owns 8,814 shares of the company’s stock, valued at approximately $933,138.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mary K. Stadler sold 1,973 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total value of $205,014.43. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares in the company, valued at approximately $634,058.82. The disclosure for this sale can be found here. Insiders have sold 16,442 shares of company stock worth $1,727,525 in the last three months. 0.95% of the stock is currently owned by corporate insiders.

About Kansas City Southern

Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.

Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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