Kayne Anderson Rudnick Investment Management LLC lessened its holdings in Kansas City Southern (NYSE:KSU) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,665 shares of the transportation company’s stock after selling 752 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Kansas City Southern were worth $1,744,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of KSU. WFG Advisors LP raised its stake in shares of Kansas City Southern by 30.2% in the 1st quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after acquiring an additional 302 shares during the period. V Wealth Management LLC acquired a new stake in Kansas City Southern during the 2nd quarter valued at $169,000. Pacer Advisors Inc. grew its holdings in Kansas City Southern by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after purchasing an additional 66 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Kansas City Southern by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after purchasing an additional 52 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Kansas City Southern by 7.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,274 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 165 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors and hedge funds.
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In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $102.93, for a total transaction of $617,580.00. Following the completion of the sale, the insider now owns 42,087 shares in the company, valued at $4,332,014.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary K. Stadler sold 4,451 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $105.87, for a total value of $471,227.37. Following the sale, the senior vice president now owns 8,814 shares of the company’s stock, valued at approximately $933,138.18. The disclosure for this sale can be found here. Insiders have sold 14,469 shares of company stock worth $1,522,510 over the last ninety days. 0.95% of the stock is owned by insiders.
Kansas City Southern (NYSE:KSU) traded up 0.27% during mid-day trading on Friday, reaching $106.60. 246,620 shares of the company’s stock were exchanged. The company has a market cap of $11.24 billion, a PE ratio of 21.45 and a beta of 0.79. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The stock has a 50-day moving average price of $104.24 and a 200 day moving average price of $96.36.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. During the same period in the previous year, the firm earned $1.22 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. Equities analysts predict that Kansas City Southern will post $5.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, September 8th. Kansas City Southern’s dividend payout ratio is presently 28.92%.
Kansas City Southern declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 15th that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have weighed in on KSU. BidaskClub raised shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 price target (up from $114.00) on shares of Kansas City Southern in a report on Friday, August 18th. Cowen and Company reaffirmed a “market perform” rating and issued a $104.00 price target (up from $95.00) on shares of Kansas City Southern in a report on Monday, July 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $92.00 price target on shares of Kansas City Southern in a report on Wednesday, May 24th. Finally, Aegis lifted their price objective on shares of Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $105.53.
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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