Calamos Advisors LLC boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 11,239 shares of the company’s stock after buying an additional 4 shares during the period. Calamos Advisors LLC’s holdings in Kansas City Southern were worth $1,013,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in KSU. Investment House LLC increased its position in Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock valued at $232,000 after buying an additional 22 shares during the last quarter. Capstone Asset Management Co. increased its position in Kansas City Southern by 0.4% in the second quarter. Capstone Asset Management Co. now owns 7,827 shares of the company’s stock valued at $705,000 after buying an additional 30 shares during the last quarter. Coastline Trust Co increased its position in Kansas City Southern by 1.5% in the second quarter. Coastline Trust Co now owns 6,598 shares of the company’s stock valued at $594,000 after buying an additional 100 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Kansas City Southern by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 33,141 shares of the company’s stock valued at $2,985,000 after buying an additional 150 shares during the last quarter. Finally, Creative Planning increased its position in Kansas City Southern by 4.4% in the second quarter. Creative Planning now owns 4,100 shares of the company’s stock valued at $369,000 after buying an additional 171 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.
Kansas City Southern (NYSE:KSU) traded up 1.49% during mid-day trading on Wednesday, hitting $93.47. 717,751 shares of the stock traded hands. The stock’s 50 day moving average is $94.48 and its 200-day moving average is $92.43. Kansas City Southern has a 12 month low of $62.20 and a 12 month high of $100.69. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 20.34 and a beta of 1.14.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $569 million for the quarter, compared to the consensus estimate of $572.20 million. Kansas City Southern had a net margin of 21.13% and a return on equity of 12.00%. On average, equities research analysts anticipate that Kansas City Southern will post $4.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, September 8th. Kansas City Southern’s dividend payout ratio is currently 28.82%.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Kansas City Southern from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Loop Capital reaffirmed a “buy” rating and set a $113.00 price target (down from $115.00) on shares of Kansas City Southern in a research report on Wednesday. Barclays PLC raised Kansas City Southern from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $94.00 to $99.00 in a research report on Monday, September 12th. Oppenheimer Holdings Inc. assumed coverage on Kansas City Southern in a research report on Wednesday, June 15th. They set an “outperform” rating and a $87.32 price target on the stock. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $108.00 price target on shares of Kansas City Southern in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $100.92.
In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $95.62, for a total transaction of $478,100.00. Following the transaction, the chief executive officer now owns 90,228 shares of the company’s stock, valued at $8,627,601.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William J. Wochner sold 26,521 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $98.32, for a total transaction of $2,607,544.72. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.
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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