Ameritas Investment Partners Inc. trimmed its position in shares of Kansas City Southern (NYSE:KSU) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,393 shares of the transportation company’s stock after selling 188 shares during the period. Ameritas Investment Partners Inc.’s holdings in Kansas City Southern were worth $250,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in KSU. QS Investors LLC increased its stake in shares of Kansas City Southern by 0.5% during the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $160,000. V Wealth Management LLC purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $169,000. Advisor Partners LLC purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $202,000. Finally, Winslow Evans & Crocker Inc. purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $209,000. Hedge funds and other institutional investors own 85.76% of the company’s stock.
KSU has been the topic of a number of recent research reports. BidaskClub lowered shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and set a $118.00 target price (up from $114.00) on shares of Kansas City Southern in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Thursday, August 24th. Citigroup Inc. restated a “buy” rating and set a $123.00 target price (up from $116.00) on shares of Kansas City Southern in a research note on Wednesday, October 4th. Finally, Bank of America Corporation upgraded shares of Kansas City Southern from a “neutral” rating to a “buy” rating and upped their target price for the stock from $113.00 to $116.00 in a research note on Tuesday, October 10th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $113.31.
In other news, Director Antonio O. Garza sold 4,018 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the completion of the sale, the director now directly owns 4,920 shares in the company, valued at approximately $531,064.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $102.93, for a total value of $617,580.00. Following the completion of 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 sold a total of 14,469 shares of company stock valued at $1,522,510 over the last quarter. Company insiders own 0.95% of the company’s stock.
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Shares of Kansas City Southern (NYSE KSU) opened at 104.26 on Monday. The firm has a market capitalization of $10.99 billion, a P/E ratio of 20.98 and a beta of 0.81. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13. The stock has a 50 day moving average price of $105.66 and a 200 day moving average price of $100.59.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The business had revenue of $653.00 million during the quarter, compared to the consensus estimate of $651.95 million. During the same period in the previous year, the business earned $1.12 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate that Kansas City Southern will post $5.23 earnings per share for the current fiscal year.
Kansas City Southern announced that its Board of Directors has authorized 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 purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, September 8th. Kansas City Southern’s payout ratio is 28.29%.
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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