Quest Capital Management Inc. ADV decreased its holdings in Kansas City Southern (NYSE:KSU) by 99.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,641 shares of the transportation company’s stock after selling 395,271 shares during the period. Quest Capital Management Inc. ADV’s holdings in Kansas City Southern were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Kansas City Southern by 0.7% during the second quarter. Janney Montgomery Scott LLC now owns 12,326 shares of the transportation company’s stock worth $1,502,000 after purchasing an additional 81 shares in the last quarter. Comerica Bank boosted its holdings in Kansas City Southern by 0.5% in the first quarter. Comerica Bank now owns 19,770 shares of the transportation company’s stock valued at $2,316,000 after purchasing an additional 96 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Kansas City Southern by 3.1% in the second quarter. First Citizens Bank & Trust Co. now owns 3,988 shares of the transportation company’s stock valued at $486,000 after purchasing an additional 119 shares during the last quarter. 9258 Wealth Management LLC boosted its holdings in Kansas City Southern by 5.5% in the first quarter. 9258 Wealth Management LLC now owns 2,289 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 120 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in Kansas City Southern by 2.7% in the first quarter. Bridges Investment Management Inc. now owns 4,821 shares of the transportation company’s stock valued at $559,000 after purchasing an additional 125 shares during the last quarter. 89.63% of the stock is owned by institutional investors.

Shares of Kansas City Southern stock traded up $0.55 during mid-day trading on Tuesday, hitting $122.63. The stock had a trading volume of 11,539 shares, compared to its average volume of 757,433. The firm has a 50-day moving average of $121.37 and a two-hundred day moving average of $117.30. Kansas City Southern has a 12-month low of $90.55 and a 12-month high of $126.47. 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 firm has a market cap of $12.00 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94.

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

The business also recently disclosed 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. The ex-dividend date is Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. Kansas City Southern’s payout ratio is currently 24.12%.

In other Kansas City Southern news, Director Robert J. Druten sold 2,500 shares of the firm’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Adam J. Godderz sold 1,390 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $125.13, for a total transaction of $173,930.70. Following the completion of the transaction, the general counsel now directly owns 4,892 shares of the company’s stock, valued at approximately $612,135.96. The disclosure for this sale can be found here. Insiders have sold a total of 5,890 shares of company stock valued at $727,881 in the last ninety days. 0.82% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on KSU shares. Cowen set a $136.00 price target on shares of Kansas City Southern and gave the company a “buy” rating in a report on Friday, July 19th. Cascend Securities downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Credit Suisse Group upped their price objective on shares of Kansas City Southern from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kansas City Southern from $130.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Kansas City Southern currently has a consensus rating of “Buy” and an average target price of $130.36.

Kansas City Southern Company 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.

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

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