Savant Capital LLC acquired a new position in shares of Kansas City Southern (NYSE:KSU) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,166 shares of the company’s stock, valued at approximately $285,000.
A number of other hedge funds have also bought and sold shares of KSU. Glenmede Trust Co. NA increased its stake in Kansas City Southern by 18.6% in the first quarter. Glenmede Trust Co. NA now owns 5,720 shares of the company’s stock worth $488,000 after buying an additional 898 shares in the last quarter. Aperio Group LLC increased its stake in Kansas City Southern by 44.6% in the first quarter. Aperio Group LLC now owns 36,971 shares of the company’s stock worth $3,159,000 after buying an additional 11,402 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Kansas City Southern during the first quarter worth about $1,585,000. Prudential Financial Inc. increased its stake in Kansas City Southern by 0.3% in the first quarter. Prudential Financial Inc. now owns 136,712 shares of the company’s stock worth $11,683,000 after buying an additional 400 shares in the last quarter. Finally, BlackRock Group LTD increased 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 worth $96,951,000 after buying an additional 133,752 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.
Kansas City Southern (NYSE:KSU) traded down 1.39% during midday trading on Friday, hitting $92.02. 918,719 shares of the stock were exchanged. The stock has a market cap of $9.94 billion, a PE ratio of 20.03 and a beta of 1.14. The company’s 50 day moving average is $94.36 and its 200-day moving average is $92.43. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69.
Kansas City Southern (NYSE:KSU) last announced its earnings results 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. Kansas City Southern had a net margin of 21.13% and a return on equity of 12.00%. The business earned $569 million during the quarter, compared to analyst estimates of $572.20 million. On average, analysts expect that Kansas City Southern will post $4.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.32 annualized dividend and a yield of 1.43%. Kansas City Southern’s payout ratio is presently 28.82%.
KSU has been the subject of a number of recent research reports. Oppenheimer Holdings Inc. initiated coverage on shares of Kansas City Southern in a report on Wednesday, June 15th. They issued an “outperform” rating and a $87.32 price objective for the company. Citigroup Inc. restated a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a research report on Saturday, June 18th. Zacks Investment Research cut shares of Kansas City Southern from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. BMO Capital Markets restated a “market perform” rating and issued a $94.00 target price on shares of Kansas City Southern in a research report on Thursday, July 7th. Finally, Bank of America Corp. restated a “buy” rating on shares of Kansas City Southern in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Kansas City Southern has a consensus rating of “Hold” and an average target price of $100.92.
In other Kansas City Southern news, insider David L. Starling sold 5,100 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $98.88, for a total transaction of $504,288.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, July 20th. The shares were 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.
Kansas City Southern Company Profile
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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