Gateway Investment Advisers LLC cut its stake in Kansas City Southern (NYSE:KSU) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,714 shares of the transportation company’s stock after selling 64 shares during the period. Gateway Investment Advisers LLC’s holdings in Kansas City Southern were worth $703,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. WFG Advisors LP increased its stake in shares of Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after buying an additional 302 shares during the period. Financial Architects Inc boosted its position in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock valued at $131,000 after buying an additional 1,115 shares in the last quarter. Pacer Advisors Inc. boosted its position in Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after buying an additional 66 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after buying an additional 52 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Kansas City Southern by 7.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,274 shares of the transportation company’s stock valued at $195,000 after buying an additional 165 shares in the last quarter. Institutional investors own 85.05% of the company’s stock.
Kansas City Southern (KSU) traded down 0.07% during trading on Friday, reaching $105.80. The company’s stock had a trading volume of 944,875 shares. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The stock’s 50 day moving average is $104.06 and its 200 day moving average is $93.99. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 21.29 and a beta of 0.80.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.07. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The firm had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $627.81 million. During the same quarter in the prior year, the company earned $1.22 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. On average, equities analysts expect that Kansas City Southern will post $5.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, September 8th. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s dividend payout ratio is presently 26.51%.
Kansas City Southern declared that its board has approved a stock repurchase program on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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Several research firms have recently weighed in on KSU. Stifel Nicolaus upped their price objective on Kansas City Southern from $114.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday. BMO Capital Markets reissued a “market perform” rating and set a $105.00 price target (up from $98.00) on shares of Kansas City Southern in a research report on Tuesday, July 25th. Cowen and Company reissued a “market perform” rating and set a $104.00 price target (up from $95.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Finally, UBS AG reissued a “positive” rating and set a $117.00 price target (up from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $103.33.
In other Kansas City Southern news, Director Henry J. Maier purchased 3,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $106.19 per share, with a total value of $318,570.00. Following the transaction, the director now owns 4,159 shares of the company’s stock, valued at $441,644.21. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.95% of the stock is currently owned by corporate insiders.
Kansas City Southern Company Profile
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.
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