Northwestern Mutual Investment Management Company LLC trimmed its position in shares of Kansas City Southern (NYSE:KSU) by 80.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,130 shares of the transportation company’s stock after selling 17,428 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Kansas City Southern were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KSU. BlackRock Inc. boosted its stake in Kansas City Southern by 4,542.5% during the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock worth $892,591,000 after buying an additional 10,183,801 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Kansas City Southern by 588.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock worth $369,943,000 after buying an additional 3,687,248 shares during the period. Sustainable Growth Advisers LP boosted its stake in Kansas City Southern by 49.4% during the first quarter. Sustainable Growth Advisers LP now owns 2,088,516 shares of the transportation company’s stock worth $179,111,000 after buying an additional 690,470 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in Kansas City Southern during the first quarter worth $52,373,000. Finally, Marshall Wace North America L.P. purchased a new position in Kansas City Southern during the first quarter worth $52,373,000. 84.54% of the stock is owned by institutional investors.
Shares of Kansas City Southern (KSU) opened at 107.26 on Friday. The company has a 50 day moving average price of $104.40 and a 200 day moving average price of $96.49. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13. The company has a market capitalization of $11.31 billion, a P/E ratio of 21.59 and a beta of 0.79.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $627.81 million. During the same period last year, the business posted $1.22 EPS. Kansas City Southern’s revenue for the quarter was up 15.5% on a year-over-year basis. Equities analysts anticipate that Kansas City Southern will post $5.20 EPS for the current year.
Kansas City Southern declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Monday, September 11th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.34%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is 28.92%.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. BMO Capital Markets reaffirmed a “market perform” rating and set a $105.00 price objective (up from $98.00) on shares of Kansas City Southern in a research note on Tuesday, July 25th. Bank of America Corporation lifted their price objective on shares of Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 21st. BidaskClub raised shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Kansas City Southern in a research note on Friday, August 25th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Kansas City Southern currently has a consensus rating of “Buy” and an average price target of $105.53.
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In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $102.93, for a total transaction of $617,580.00. Following the completion of the transaction, the insider now directly owns 42,087 shares in the company, valued at approximately $4,332,014.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Antonio O. Garza sold 4,018 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total value of $433,702.92. Following the transaction, the director now owns 4,920 shares of the company’s stock, valued at $531,064.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,469 shares of company stock valued at $1,522,510 over the last 90 days. 0.95% of the stock is currently owned by company insiders.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has 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’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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