Xact Kapitalforvaltning AB reduced its stake in Kansas City Southern (NYSE:KSU) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,288 shares of the transportation company’s stock after selling 53 shares during the period. Xact Kapitalforvaltning AB’s holdings in Kansas City Southern were worth $1,286,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also 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 valued at $112,000 after buying an additional 302 shares during the last quarter. 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 valued at $131,000 after buying an additional 1,115 shares in the last quarter. Pacer Advisors Inc. raised its position in Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after buying an additional 66 shares in the last quarter. Envestnet Asset Management Inc. raised its position in 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 valued at $194,000 after buying an additional 52 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Kansas City Southern by 7.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,274 shares of the transportation company’s stock valued at $195,000 after buying an additional 165 shares in the last quarter. Institutional investors own 85.92% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) opened at 104.84 on Monday. The firm has a market capitalization of $11.12 billion, a PE ratio of 21.76 and a beta of 0.80. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $105.92. The stock has a 50 day moving average price of $97.00 and a 200 day moving average price of $89.22.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.01. Kansas City Southern had a net margin of 21.71% and a return on equity of 11.30%. The firm had revenue of $609.50 million during the quarter, compared to analysts’ expectations of $600.66 million. During the same period in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that Kansas City Southern will post $5.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors 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 1.26%. Kansas City Southern’s dividend payout ratio (DPR) is 27.39%.
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Several research analysts have recently commented on the company. BidaskClub upgraded Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Stifel Nicolaus restated a “buy” rating and set a $108.00 price target on shares of Kansas City Southern in a research report on Friday, June 30th. Aegis raised their price target on Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. Credit Suisse Group upgraded Kansas City Southern from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $116.00 in a research report on Friday, June 16th. Finally, BMO Capital Markets restated a “hold” rating and set a $92.00 price target on shares of Kansas City Southern in a research report on Wednesday, May 24th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $101.18.
In related news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total transaction of $323,995.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is currently owned by corporate insiders.
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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