Principal Financial Group Inc. Raises Stock Position in Kansas City Southern (NYSE:KSU)

Principal Financial Group Inc. raised its stake in Kansas City Southern (NYSE:KSU) by 3.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 113,493 shares of the transportation company’s stock after buying an additional 3,320 shares during the quarter. Principal Financial Group Inc.’s holdings in Kansas City Southern were worth $32,161,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cibc World Markets Corp increased its stake in shares of Kansas City Southern by 1,029.8% during the 2nd quarter. Cibc World Markets Corp now owns 203,751 shares of the transportation company’s stock worth $57,737,000 after purchasing an additional 185,716 shares in the last quarter. Toronto Dominion Bank grew its stake in Kansas City Southern by 8.2% in the 2nd quarter. Toronto Dominion Bank now owns 58,201 shares of the transportation company’s stock worth $16,491,000 after acquiring an additional 4,391 shares during the period. Ethic Inc. boosted its holdings in shares of Kansas City Southern by 10.5% in the 2nd quarter. Ethic Inc. now owns 885 shares of the transportation company’s stock valued at $251,000 after purchasing an additional 84 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of Kansas City Southern by 319.0% in the 2nd quarter. Aigen Investment Management LP now owns 3,490 shares of the transportation company’s stock valued at $989,000 after purchasing an additional 2,657 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Kansas City Southern by 5.3% in the 2nd quarter. Citigroup Inc. now owns 303,653 shares of the transportation company’s stock valued at $86,047,000 after purchasing an additional 15,291 shares during the last quarter. 80.71% of the stock is owned by institutional investors.

Shares of KSU opened at $269.55 on Wednesday. The company’s fifty day moving average is $279.83 and its 200-day moving average is $277.82. Kansas City Southern has a 12 month low of $171.82 and a 12 month high of $315.39. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 204.21 and a beta of 1.07. The company has a quick ratio of 0.54, a current ratio of 0.65 and a debt-to-equity ratio of 0.92.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Thursday, July 15th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.15 by ($0.09). The firm had revenue of $749.50 million for the quarter, compared to the consensus estimate of $749.06 million. Kansas City Southern had a return on equity of 16.17% and a net margin of 4.63%. Kansas City Southern’s quarterly revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. As a group, research analysts predict that Kansas City Southern will post 8.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 6th. Investors of record on Monday, September 13th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, September 10th. Kansas City Southern’s dividend payout ratio is currently 31.03%.

KSU has been the subject of several research analyst reports. Wolfe Research downgraded shares of Kansas City Southern from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 15th. Barclays lowered shares of Kansas City Southern from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $265.00 to $310.00 in a research note on Friday, May 28th. TheStreet lowered shares of Kansas City Southern from a “b” rating to a “c+” rating in a report on Monday, August 16th. Raymond James cut their price target on shares of Kansas City Southern from $286.00 to $281.00 and set an “outperform” rating on the stock in a report on Thursday, July 15th. Finally, Loop Capital lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating and set a $288.00 price target on the stock. in a report on Wednesday, September 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $266.57.

Kansas City Southern Profile

Kansas City Southern is a transportation holding company. It focuses on the growing north or south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico. The firm also engages in the freight rail transportation business operating through a single coordinated rail network.

Further Reading: Earnings Reports

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

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