Waddell & Reed Financial Inc. raised its holdings in Kansas City Southern (NYSE:KSU) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 781,943 shares of the transportation company’s stock after acquiring an additional 11,238 shares during the period. Waddell & Reed Financial Inc. owned 0.77% of Kansas City Southern worth $82,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. acquired a new position in Kansas City Southern in the 2nd quarter valued at $101,000. FNY Investment Advisers LLC acquired a new stake in shares of Kansas City Southern during the 2nd quarter worth $105,000. Point72 Hong Kong Ltd increased its holdings in shares of Kansas City Southern by 63.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock worth $152,000 after buying an additional 559 shares during the last quarter. Gideon Capital Advisors Inc. acquired a new stake in shares of Kansas City Southern during the 2nd quarter worth $204,000. Finally, Cypress Asset Management Inc. TX acquired a new stake in shares of Kansas City Southern during the 2nd quarter worth $219,000. Institutional investors own 87.63% of the company’s stock.

Shares of Kansas City Southern stock opened at $117.24 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.20 and a quick ratio of 0.85. Kansas City Southern has a twelve month low of $99.47 and a twelve month high of $120.34. The firm has a market cap of $12.10 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 1.50 and a beta of 0.83.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 20th. The transportation company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. Kansas City Southern had a net margin of 36.91% and a return on equity of 12.01%. The firm had revenue of $682.40 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same period in the prior year, the company earned $1.33 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. sell-side analysts expect that Kansas City Southern will post 6.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Monday, September 10th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, September 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.23%. Kansas City Southern’s dividend payout ratio (DPR) is 27.43%.

In related news, Director Lu M. Cordova sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $118.93, for a total transaction of $118,930.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Suzanne M. Grafton sold 729 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total transaction of $87,319.62. Following the sale, the vice president now directly owns 10,580 shares of the company’s stock, valued at $1,267,272.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,171 shares of company stock valued at $841,712. 0.70% of the stock is owned by corporate insiders.

A number of research firms have recently commented on KSU. Zacks Investment Research downgraded Kansas City Southern from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Credit Suisse Group upped their price objective on Kansas City Southern from $125.00 to $126.00 and gave the stock a “$111.08” rating in a report on Monday, July 23rd. Stifel Nicolaus restated a “buy” rating and set a $130.00 price objective on shares of Kansas City Southern in a report on Saturday, June 2nd. Loop Capital upped their price objective on Kansas City Southern to $132.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Finally, Cowen restated a “hold” rating and set a $124.00 price objective on shares of Kansas City Southern in a report on Monday, July 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $122.43.

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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