Kansas City Southern (NYSE:KSU) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in Kansas City Southern (NYSE:KSU) by 103.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,618 shares of the transportation company’s stock after buying an additional 69,306 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.13% of Kansas City Southern worth $11,716,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KSU. Savant Capital LLC increased its position in Kansas City Southern by 0.4% in the first quarter. Savant Capital LLC now owns 3,201 shares of the transportation company’s stock valued at $275,000 after buying an additional 12 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in shares of Kansas City Southern by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 7,059 shares of the transportation company’s stock worth $598,000 after buying an additional 24 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of 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 worth $194,000 after buying an additional 52 shares during the period. Capital Innovations LLC boosted its stake in shares of Kansas City Southern by 2.5% in the first quarter. Capital Innovations LLC now owns 2,477 shares of the transportation company’s stock worth $212,000 after buying an additional 60 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after buying an additional 66 shares during the period. Institutional investors own 85.96% of the company’s stock.

Kansas City Southern (NYSE KSU) traded up 1.59% during trading on Friday, reaching $103.12. The company had a trading volume of 1,166,817 shares. The company has a market capitalization of $10.87 billion, a PE ratio of 20.75 and a beta of 0.80. Kansas City Southern has a one year low of $79.05 and a one year high of $106.35. The firm’s 50 day moving average is $103.08 and its 200 day moving average is $91.87.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $656.40 million for the quarter, compared to the consensus estimate of $627.81 million. During the same period in the prior year, the business posted $1.22 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts predict that Kansas City Southern will post $5.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, June 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.28%. Kansas City Southern’s dividend payout ratio (DPR) is presently 26.51%.

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A number of brokerages recently issued reports on KSU. UBS AG reissued a “positive” rating and set a $117.00 price objective (up previously from $103.00) on shares of Kansas City Southern in a report on Monday. Cowen and Company reissued a “market perform” rating and set a $104.00 price objective (up previously from $95.00) on shares of Kansas City Southern in a report on Monday. BMO Capital Markets reissued a “market perform” rating and set a $105.00 price objective (up previously from $98.00) on shares of Kansas City Southern in a report on Tuesday. Aegis increased their price objective on Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Finally, BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $103.31.

In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $92.57, for a total transaction of $323,995.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.95% of the company’s stock.

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.

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

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