Pinebridge Investments L.P. increased its stake in shares of Kansas City Southern (NYSE:KSU) by 141.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,329 shares of the transportation company’s stock after buying an additional 12,510 shares during the quarter. Pinebridge Investments L.P.’s holdings in Kansas City Southern were worth $2,260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its stake in shares of Kansas City Southern by 20.4% during the 2nd quarter. Wedbush Securities Inc. now owns 2,955 shares of the transportation company’s stock worth $313,000 after acquiring an additional 500 shares in the last quarter. Bedell Frazier Investment Counseling LLC raised its position in shares of Kansas City Southern by 0.7% during the 1st quarter. Bedell Frazier Investment Counseling LLC now owns 72,428 shares of the transportation company’s stock worth $7,956,000 after purchasing an additional 515 shares during the last quarter. Avalon Advisors LLC raised its position in shares of Kansas City Southern by 0.5% during the 1st quarter. Avalon Advisors LLC now owns 97,743 shares of the transportation company’s stock worth $10,737,000 after purchasing an additional 521 shares during the last quarter. Stanley Laman Group Ltd. raised its position in shares of Kansas City Southern by 1.0% during the 2nd 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 last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Kansas City Southern by 14.2% during the 1st quarter. Moors & Cabot Inc. now owns 4,427 shares of the transportation company’s stock worth $486,000 after purchasing an additional 551 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on KSU shares. Morgan Stanley boosted their price target on Kansas City Southern from $106.00 to $108.00 and gave the company a “$111.08” rating in a report on Monday, July 23rd. Credit Suisse Group boosted their price target on Kansas City Southern from $125.00 to $126.00 and gave the company a “$111.08” rating in a report on Monday, July 23rd. Loop Capital boosted their price target on Kansas City Southern to $132.00 and gave the company a “buy” rating in a report on Monday, July 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price target on shares of Kansas City Southern in a report on Saturday, June 2nd. Finally, Cowen upgraded Kansas City Southern from a “market perform” rating to a “buy” rating and set a $138.00 price target for the company in a report on Wednesday. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.83.

KSU stock opened at $118.36 on Wednesday. The firm has a market cap of $11.62 billion, a PE ratio of 22.54, a PEG ratio of 1.43 and a beta of 0.83. 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 52 week low of $99.47 and a 52 week high of $120.19.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, July 20th. The transportation company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. The business had revenue of $682.40 million during the quarter, compared to the consensus estimate of $686.12 million. Kansas City Southern had a return on equity of 12.01% and a net margin of 36.91%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. analysts forecast that Kansas City Southern will post 6.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Monday, September 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.22%. Kansas City Southern’s payout ratio is 27.43%.

In other news, CFO Michael W. Upchurch sold 5,442 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $116.77, for a total transaction of $635,462.34. Following the completion of the sale, the chief financial officer now directly owns 17,906 shares in the company, valued at approximately $2,090,883.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

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.

Featured Article: What are the Different Types of Leveraged Buyouts?

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.