Seven Bridges Advisors LLC boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 30.0% during the second quarter, Holdings Channel reports. The firm owned 1,200 shares of the company’s stock after buying an additional 277 shares during the period. Seven Bridges Advisors LLC’s holdings in Kansas City Southern were worth $108,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Kansas City Southern during the fourth quarter valued at $63,907,000. Bridger Management LLC bought a new position in Kansas City Southern during the first quarter worth approximately $56,586,000. Scharf Investments LLC raised its position in Kansas City Southern by 463.0% in the first quarter. Scharf Investments LLC now owns 438,141 shares of the company’s stock worth $37,439,000 after buying an additional 360,324 shares during the last quarter. Bank of Montreal Can bought a new position in Kansas City Southern during the second quarter worth approximately $23,668,000. Finally, Teachers Advisors Inc. raised its position in Kansas City Southern by 24.1% in the first quarter. Teachers Advisors Inc. now owns 972,121 shares of the company’s stock worth $83,068,000 after buying an additional 188,882 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.
Kansas City Southern (NYSE:KSU) traded up 0.37% during mid-day trading on Thursday, hitting $90.03. The company had a trading volume of 1,988,404 shares. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69. The stock has a market capitalization of $9.72 billion, a PE ratio of 19.59 and a beta of 1.13. The stock has a 50 day moving average price of $95.82 and a 200-day moving average price of $91.94.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. The company earned $569 million during 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, analysts forecast that Kansas City Southern will post $4.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Monday, September 12th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, September 8th. Kansas City Southern’s dividend payout ratio is currently 28.82%.
A number of equities analysts have recently commented on KSU shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $108.00 price target on shares of Kansas City Southern in a report on Saturday, June 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $94.00 price target on shares of Kansas City Southern in a report on Thursday, July 7th. Loop Capital reaffirmed a “buy” rating on shares of Kansas City Southern in a report on Friday, September 9th. Royal Bank Of Canada raised 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 raised 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $100.82.
In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $95.62, for a total value of $478,100.00. Following the sale, the chief executive officer now owns 90,228 shares in the company, valued at approximately $8,627,601.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael W. Upchurch sold 5,367 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 16,808 shares in the company, valued at approximately $1,599,785.44. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.
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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