Prudential Financial Inc. raised its stake in Kansas City Southern (NYSE:KSU) by 11.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,252 shares of the company’s stock after buying an additional 15,540 shares during the period. Prudential Financial Inc. owned about 0.14% of Kansas City Southern worth $13,717,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Glenmede Trust Co. NA boosted its position in shares of Kansas City Southern by 18.6% in the first quarter. Glenmede Trust Co. NA now owns 5,720 shares of the company’s stock valued at $488,000 after buying an additional 898 shares in the last quarter. Aperio Group LLC boosted its position in shares of Kansas City Southern by 44.6% in the first quarter. Aperio Group LLC now owns 36,971 shares of the company’s stock valued at $3,159,000 after buying an additional 11,402 shares in the last quarter. Pacad Investment Ltd. acquired a new position in shares of Kansas City Southern during the first quarter valued at about $875,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Kansas City Southern during the first quarter valued at about $1,585,000. Finally, Teachers Advisors Inc. boosted its position in shares of 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 in the last quarter. 91.33% of the stock is currently owned by institutional investors.
Kansas City Southern (NYSE:KSU) opened at 93.32 on Friday. 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 $10.08 billion, a price-to-earnings ratio of 20.31 and a beta of 1.13. The company’s 50-day moving average is $94.84 and its 200-day moving average is $92.24.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. The business earned $569 million during the quarter, compared to analysts’ expectations of $572.20 million. On average, equities research analysts anticipate that Kansas City Southern will post $4.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Monday, September 12th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.41%. Kansas City Southern’s payout ratio is 28.82%.
KSU has been the topic of several recent research reports. Oppenheimer Holdings Inc. initiated coverage on shares of Kansas City Southern in a research note on Wednesday, June 15th. They issued an “outperform” rating and a $87.32 price objective on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Kansas City Southern in a research note on Saturday, June 18th. Zacks Investment Research cut shares of Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $94.00 price objective on shares of Kansas City Southern in a research note on Thursday, July 7th. Finally, Bank of America Corp. reissued 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, ten have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Kansas City Southern has an average rating of “Buy” and a consensus target price of $100.82.
In other news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the firm’s 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael W. Upchurch sold 5,367 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $95.18, for a total transaction of $510,831.06. Following 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. Corporate 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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