Kansas City Southern (NYSE:KSU) Shares Acquired by BlackRock Inc.

BlackRock Inc. grew its position in Kansas City Southern (NYSE:KSU) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,863,252 shares of the transportation company’s stock after purchasing an additional 52,192 shares during the quarter. BlackRock Inc. owned approximately 6.87% of Kansas City Southern worth $836,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of Kansas City Southern by 0.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,326 shares of the transportation company’s stock valued at $1,502,000 after buying an additional 81 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Kansas City Southern by 18.3% in the 2nd quarter. Parallel Advisors LLC now owns 628 shares of the transportation company’s stock valued at $76,000 after buying an additional 97 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Kansas City Southern by 3.1% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 3,988 shares of the transportation company’s stock valued at $486,000 after buying an additional 119 shares during the last quarter. NEXT Financial Group Inc grew its position in shares of Kansas City Southern by 22.7% in the 2nd quarter. NEXT Financial Group Inc now owns 675 shares of the transportation company’s stock valued at $82,000 after buying an additional 125 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its position in shares of Kansas City Southern by 2.4% in the 2nd quarter. Congress Asset Management Co. MA now owns 5,856 shares of the transportation company’s stock valued at $713,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

A number of research analysts recently commented on KSU shares. Citigroup increased their target price on shares of Kansas City Southern from $144.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Kansas City Southern from $130.00 to $136.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Loop Capital increased their target price on shares of Kansas City Southern to $160.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Seaport Global Securities increased their target price on shares of Kansas City Southern from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $165.00 target price on shares of Kansas City Southern in a research report on Monday, October 21st. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Kansas City Southern has a consensus rating of “Buy” and an average price target of $141.59.

Shares of Kansas City Southern stock opened at $153.31 on Friday. Kansas City Southern has a 1 year low of $90.55 and a 1 year high of $155.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.58 and a current ratio of 0.78. The company has a market capitalization of $14.84 billion, a P/E ratio of 25.68, a PEG ratio of 1.44 and a beta of 0.95. The company’s fifty day moving average is $137.78 and its two-hundred day moving average is $125.91.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, October 18th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.15. Kansas City Southern had a net margin of 20.23% and a return on equity of 13.03%. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $734.39 million. During the same period last year, the firm posted $1.57 EPS. Kansas City Southern’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts expect that Kansas City Southern will post 6.91 earnings per share for the current year.

In other news, EVP Warren K. Erdman sold 6,840 shares of Kansas City Southern stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $127.39, for a total value of $871,347.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by insiders.

About Kansas City Southern

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.

Featured Story: How to trade on quiet period expirations

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

Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.