TIAA CREF Investment Management LLC reduced its holdings in shares of Kansas City Southern (NYSE:KSU) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 391,768 shares of the transportation company’s stock after selling 15,440 shares during the period. TIAA CREF Investment Management LLC owned about 0.37% of Kansas City Southern worth $40,999,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. WFG Advisors LP grew its position in Kansas City Southern by 30.2% during the first 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 last quarter. V Wealth Management LLC bought a new position in Kansas City Southern during the second quarter valued at approximately $169,000. Pacer Advisors Inc. grew its position in Kansas City Southern by 3.1% during the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 66 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Kansas City Southern by 2.4% during the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after acquiring an additional 52 shares during the last quarter. Finally, Advisor Partners LLC bought a new position in Kansas City Southern during the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 84.52% of the company’s stock.
In related news, Director Henry J. Maier acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $106.19 per share, for a total transaction of $318,570.00. Following the purchase, the director now directly owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $617,580.00. Following the sale, the insider now owns 42,087 shares of the company’s stock, valued at $4,332,014.91. The disclosure for this sale can be found here. Insiders have sold a total of 14,469 shares of company stock valued at $1,522,510 over the last 90 days. 0.95% of the stock is currently owned by company insiders.
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A number of research analysts have commented on the stock. BidaskClub upgraded shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price target (up from $114.00) on shares of Kansas City Southern in a research report on Friday, August 18th. Cowen and Company reiterated a “market perform” rating and set a $104.00 price target (up from $95.00) on shares of Kansas City Southern in a research report on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating and set a $92.00 price target on shares of Kansas City Southern in a research report on Wednesday, May 24th. Finally, Aegis increased their price target 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 research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $105.53.
Kansas City Southern (NYSE KSU) opened at 107.52 on Thursday. The firm’s 50-day moving average price is $104.59 and its 200 day moving average price is $96.84. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 21.64 and a beta of 0.79. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $1.22 EPS. The business’s revenue was up 15.5% compared to the same quarter last year. On average, analysts anticipate that Kansas City Southern will post $5.20 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Monday, September 11th will be paid a dividend of $0.36 per share. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, September 8th. Kansas City Southern’s dividend payout ratio is 28.92%.
Kansas City Southern announced that its Board of Directors has authorized a share repurchase program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is 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.
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