Cambridge Investment Research Advisors Inc. Decreases Holdings in Kansas City Southern (NYSE:KSU)

Cambridge Investment Research Advisors Inc. trimmed its holdings in Kansas City Southern (NYSE:KSU) by 16.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,929 shares of the transportation company’s stock after selling 1,323 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Kansas City Southern were worth $725,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Shell Asset Management Co. grew its stake in shares of Kansas City Southern by 2.4% during the 1st quarter. Shell Asset Management Co. now owns 7,547 shares of the transportation company’s stock valued at $647,000 after purchasing an additional 174 shares during the period. Strs Ohio grew its stake in shares of Kansas City Southern by 6.0% during the 1st quarter. Strs Ohio now owns 15,220 shares of the transportation company’s stock valued at $1,305,000 after purchasing an additional 859 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Kansas City Southern by 10.9% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,286 shares of the transportation company’s stock valued at $796,000 after purchasing an additional 913 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Kansas City Southern by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 76,954 shares of the transportation company’s stock valued at $6,592,000 after purchasing an additional 636 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Kansas City Southern during the 1st quarter valued at about $219,000. Institutional investors own 84.52% of the company’s stock.

In related news, Director Antonio O. Garza sold 4,018 shares of Kansas City Southern stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the completion of the transaction, the director now directly owns 4,920 shares in the company, valued at $531,064.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry J. Maier purchased 3,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The disclosure for this purchase can be found here. Insiders have sold 14,469 shares of company stock valued at $1,522,510 over the last 90 days. Insiders own 0.95% of the company’s stock.

Kansas City Southern (NYSE KSU) opened at 107.74 on Friday. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The company has a market cap of $11.36 billion, a P/E ratio of 21.68 and a beta of 0.79. The stock’s 50 day moving average price is $104.59 and its 200 day moving average price is $96.84.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.07. The company had revenue of $656.40 million during the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. Analysts expect that Kansas City Southern will post $5.20 earnings per share for the current year.

Kansas City Southern declared that its Board of Directors has initiated a share buyback program on Tuesday, August 15th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, September 8th. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.34%. Kansas City Southern’s dividend payout ratio (DPR) is currently 28.92%.

A number of research firms have issued reports on KSU. Stifel Nicolaus restated a “buy” rating and set a $118.00 price target on shares of Kansas City Southern in a research note on Thursday. Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Cowen and Company reaffirmed a “hold” rating on shares of Kansas City Southern in a research report on Friday, August 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $105.00 price objective on shares of Kansas City Southern in a research report on Friday, August 25th. Finally, Bank of America Corporation boosted their price target on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $105.53.

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Kansas City Southern 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.

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

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