Kansas City Southern (KSU) Stake Decreased by State of Tennessee Treasury Department

State of Tennessee Treasury Department decreased its holdings in Kansas City Southern (NYSE:KSU) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,016 shares of the transportation company’s stock after selling 110 shares during the quarter. State of Tennessee Treasury Department’s holdings in Kansas City Southern were worth $3,037,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. WFG Advisors LP boosted its position 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 worth $112,000 after purchasing an additional 302 shares in the last quarter. V Wealth Management LLC acquired a new stake in shares of Kansas City Southern in the 2nd quarter worth $169,000. Pacer Advisors Inc. boosted its position in shares of Kansas City Southern by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after purchasing an additional 66 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Kansas City Southern by 2.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after purchasing an additional 52 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Kansas City Southern by 7.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,274 shares of the transportation company’s stock worth $195,000 after purchasing an additional 165 shares in the last quarter. 84.54% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Antonio O. Garza sold 4,018 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total transaction of $433,702.92. Following the completion of the sale, the director now owns 4,920 shares in the company, valued at $531,064.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Henry J. Maier acquired 3,000 shares of Kansas City Southern 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 transaction, the director now owns 4,159 shares of the company’s stock, valued at $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 in the last quarter. Insiders own 0.95% of the company’s stock.

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KSU has been the subject of a number of research reports. Zacks Investment Research cut Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price target (up previously from $114.00) on shares of Kansas City Southern in a research report on Friday, August 18th. Bank of America Corporation lifted their price target on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 21st. Finally, UBS AG reaffirmed a “positive” rating and set a $117.00 price target (up previously from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Kansas City Southern presently has a consensus rating of “Buy” and an average price target of $105.53.

Kansas City Southern (KSU) opened at 106.32 on Friday. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The firm’s 50 day moving average price is $104.24 and its 200-day moving average price is $96.36. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 21.40 and a beta of 0.79.

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, topping 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 business had revenue of $656.40 million during the quarter, compared to the consensus estimate of $627.81 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts anticipate that Kansas City Southern will post $5.20 earnings per share for the current year.

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. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, September 8th. This represents a $1.44 annualized dividend and a dividend yield of 1.35%. Kansas City Southern’s dividend payout ratio is 28.92%.

Kansas City Southern announced that its Board of Directors has approved a share buyback plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Kansas City Southern Company 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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