Howland Capital Management LLC continued to hold its stake in shares of Kansas City Southern (NYSE:KSU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the transportation company’s stock at the end of the second quarter. Howland Capital Management LLC’s holdings in Kansas City Southern were worth $1,570,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Kansas City Southern by 4,542.5% in the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock worth $892,591,000 after buying an additional 10,183,801 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kansas City Southern by 2.4% in the first quarter. Vanguard Group Inc. now owns 10,109,940 shares of the transportation company’s stock worth $867,029,000 after buying an additional 233,036 shares in the last quarter. State Street Corp increased its stake in shares of Kansas City Southern by 3.3% in the first quarter. State Street Corp now owns 4,658,164 shares of the transportation company’s stock worth $399,479,000 after buying an additional 146,836 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Kansas City Southern by 588.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock worth $369,943,000 after buying an additional 3,687,248 shares in the last quarter. Finally, Pioneer Investment Management Inc. boosted its stake in Kansas City Southern by 103.8% in the first quarter. Pioneer Investment Management Inc. now owns 2,133,685 shares of the transportation company’s stock valued at $182,985,000 after buying an additional 1,086,853 shares during the last quarter. 85.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kansas City Southern (NYSE KSU) opened at 107.49 on Thursday. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13. The company has a 50-day moving average price of $103.89 and a 200-day moving average price of $93.76. The firm has a market capitalization of $11.33 billion, a P/E ratio of 21.63 and a beta of 0.80. Kansas City Southern also saw some unusual options trading activity on Monday. Investors purchased 16,095 call options on the stock. This represents an increase of approximately 1,193% compared to the typical daily volume of 1,245 call options.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. Kansas City Southern’s quarterly revenue was up 15.5% on a year-over-year basis. Equities analysts predict that Kansas City Southern will post $5.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Monday, September 11th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, September 8th. This represents a $1.44 annualized dividend and a dividend yield of 1.34%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s payout ratio is currently 26.51%.
Kansas City Southern announced that its Board of Directors has authorized 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
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Several equities research analysts have weighed in on KSU shares. Credit Suisse Group restated a “neutral” rating and set a $90.00 target price (up from $87.00) on shares of Kansas City Southern in a research note on Sunday, May 28th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Aegis upped their target price on Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Stifel Nicolaus cut their target price on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, April 26th. Finally, BMO Capital Markets restated a “hold” rating and set a $92.00 target price on shares of Kansas City Southern in a research note on Wednesday, May 24th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $102.67.
About Kansas City Southern
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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