Aviance Capital Management LLC cut its stake in Kansas City Southern (NYSE:KSU) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,758 shares of the company’s stock after selling 517 shares during the period. Aviance Capital Management LLC’s holdings in Kansas City Southern were worth $699,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in Kansas City Southern by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,809,940 shares of the company’s stock valued at $240,109,000 after buying an additional 19,869 shares during the period. BlackRock Group LTD raised its stake in Kansas City Southern by 13.4% in the first quarter. BlackRock Group LTD now owns 1,134,608 shares of the company’s stock valued at $96,951,000 after buying an additional 133,752 shares during the period. Teachers Advisors Inc. raised its stake in Kansas City Southern by 24.1% in the first quarter. Teachers Advisors Inc. now owns 972,121 shares of the company’s stock valued at $83,068,000 after buying an additional 188,882 shares during the period. Geode Capital Management LLC raised its stake in Kansas City Southern by 1.9% in the first quarter. Geode Capital Management LLC now owns 889,091 shares of the company’s stock valued at $75,820,000 after buying an additional 16,716 shares during the period. Finally, Norges Bank bought a new stake in Kansas City Southern during the fourth quarter valued at $63,907,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.
Shares of Kansas City Southern (NYSE:KSU) traded up 0.50% during mid-day trading on Monday, hitting $90.10. The stock had a trading volume of 1,376,844 shares. The stock has a 50 day moving average price of $95.63 and a 200 day moving average price of $91.96. The firm has a market cap of $9.73 billion, a PE ratio of 19.61 and a beta of 1.13. Kansas City Southern has a 52 week low of $62.20 and a 52 week high of $100.69.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The business earned $569 million during the quarter, compared to analysts’ expectations of $572.20 million. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. Equities research analysts expect that Kansas City Southern will post $4.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th will be issued a $0.33 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.32 annualized dividend and a yield of 1.47%. Kansas City Southern’s dividend payout ratio is presently 28.82%.
Several equities research analysts recently weighed in on KSU shares. Citigroup Inc. restated a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a report on Saturday, June 18th. BMO Capital Markets reiterated a “market perform” rating and set a $94.00 price target on shares of Kansas City Southern in a report on Thursday, July 7th. Loop Capital reiterated a “buy” rating on shares of Kansas City Southern in a report on Friday, September 9th. Royal Bank Of Canada upped their price target on Kansas City Southern from $109.00 to $114.00 and gave the stock an “outperform” rating in a report on Wednesday, July 20th. Finally, Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $100.82.
In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 5,000 shares of Kansas City Southern stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $95.62, for a total value of $478,100.00. Following the completion of the transaction, the chief executive officer now directly owns 90,228 shares of the company’s stock, valued at approximately $8,627,601.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael W. Upchurch sold 5,367 shares of Kansas City Southern stock in a transaction on Friday, July 29th. The shares were sold at an average price of $95.18, for a total value of $510,831.06. Following the completion of the transaction, the chief financial officer now directly owns 16,808 shares of the company’s stock, valued at $1,599,785.44. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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