Rhumbline Advisers reduced its position in Kansas City Southern (NYSE:KSU) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,346 shares of the transportation company’s stock after selling 6,327 shares during the period. Rhumbline Advisers owned 0.18% of Kansas City Southern worth $19,815,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. WFG Advisors LP raised its position in shares of Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after buying an additional 302 shares during the period. Financial Architects Inc raised its position in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock worth $131,000 after buying an additional 1,115 shares during the last quarter. V Wealth Management LLC bought a new position in Kansas City Southern during the second quarter worth $169,000. Advisor Partners LLC bought a new position in Kansas City Southern during the second quarter worth $202,000. Finally, Glenview State Bank Trust DEPT. bought a new position in Kansas City Southern during the second quarter worth $209,000. Institutional investors own 85.05% of the company’s stock.
Kansas City Southern (KSU) opened at 107.49 on Thursday. The stock’s 50 day moving average price is $103.89 and its 200 day moving average price is $93.76. Kansas City Southern has a one year low of $79.05 and a one year high of $109.13. The firm has a market capitalization of $11.33 billion, a PE ratio of 21.63 and a beta of 0.80. Kansas City Southern also saw unusually large options trading activity on Monday. Traders acquired 16,095 call options on the company. This is an increase of approximately 1,193% compared to the average volume of 1,245 call options.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.07. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. Kansas City Southern’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 earnings per share. Analysts expect 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. Shareholders of record on Monday, September 11th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, September 8th. This represents a $1.44 dividend on an annualized basis and a yield of 1.34%. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s dividend payout ratio (DPR) is currently 26.51%.
Kansas City Southern declared that its board has authorized a share buyback program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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KSU has been the subject of a number of recent research reports. BMO Capital Markets reiterated a “hold” rating and set a $92.00 price objective on shares of Kansas City Southern in a research note on Wednesday, May 24th. Stifel Nicolaus reduced their price objective 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. BidaskClub lowered Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Credit Suisse Group upgraded Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $116.00 in a research note on Friday, June 16th. Finally, Cowen and Company reiterated a “market perform” rating and set a $104.00 price objective (up previously from $95.00) on shares of Kansas City Southern in a research note on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Kansas City Southern presently has an average rating of “Hold” and an average price target 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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