Gateway Investment Advisers LLC Sells 314 Shares of Kansas City Southern (NYSE:KSU)

Gateway Investment Advisers LLC trimmed its holdings in shares of Kansas City Southern (NYSE:KSU) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,908 shares of the transportation company’s stock after selling 314 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Kansas City Southern were worth $476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. NEXT Financial Group Inc lifted its position in shares of Kansas City Southern by 22.7% during the 2nd quarter. NEXT Financial Group Inc now owns 675 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 125 shares during the period. CWM Advisors LLC lifted its position in shares of Kansas City Southern by 5.6% during the 2nd quarter. CWM Advisors LLC now owns 4,184 shares of the transportation company’s stock valued at $510,000 after acquiring an additional 222 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Kansas City Southern by 21.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 8,467 shares of the transportation company’s stock valued at $1,031,000 after acquiring an additional 1,510 shares during the period. OLD National Bancorp IN lifted its position in shares of Kansas City Southern by 68.6% during the 2nd quarter. OLD National Bancorp IN now owns 5,055 shares of the transportation company’s stock valued at $616,000 after acquiring an additional 2,057 shares during the period. Finally, Raymond James Trust N.A. lifted its position in shares of Kansas City Southern by 51.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,357 shares of the transportation company’s stock valued at $531,000 after acquiring an additional 1,482 shares during the period. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on KSU shares. Barclays lowered their price objective on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. Morgan Stanley upgraded shares of OIL SEARCH LTD/ADR from an “equal weight” rating to an “overweight” rating in a report on Monday. Loop Capital started coverage on shares of Bloomin’ Brands in a report on Monday. They set a “buy” rating and a $22.00 price objective on the stock. Cowen restated a “hold” rating and set a $103.00 price objective on shares of United Therapeutics in a report on Wednesday, May 1st. Finally, BMO Capital Markets lowered their price objective on shares of Pentair to $39.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $130.36.

Shares of NYSE KSU traded down $0.93 during trading on Tuesday, hitting $124.41. The stock had a trading volume of 64,698 shares, compared to its average volume of 936,168. Kansas City Southern has a 12 month low of $90.55 and a 12 month high of $125.92. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $12.42 billion, a P/E ratio of 20.84, a PEG ratio of 1.24 and a beta of 0.93. The company’s fifty day moving average price is $119.94.

Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, July 19th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.04. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.47%. The firm had revenue of $714.00 million during the quarter, compared to analyst estimates of $704.55 million. During the same quarter in the prior year, the business posted $1.54 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. On average, research analysts predict that Kansas City Southern will post 6.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 10th were paid a $0.36 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. Kansas City Southern’s payout ratio is 24.12%.

In other news, CMO Michael J. Naatz sold 11,837 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $122.45, for a total value of $1,449,440.65. Following the completion of the sale, the chief marketing officer now owns 18,764 shares in the company, valued at approximately $2,297,651.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $116.85, for a total transaction of $116,850.00. Following the transaction, the director now owns 1,032 shares of the company’s stock, valued at approximately $120,589.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,837 shares of company stock valued at $1,689,361. Company insiders own 0.82% of the company’s stock.

Kansas City Southern Company Profile

Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.

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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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