SVA Plumb Wealth Management LLC raised its stake in Kansas City Southern (NYSE:KSU) by 25.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,869 shares of the transportation company’s stock after buying an additional 2,780 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in Kansas City Southern were worth $1,451,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. WFG Advisors LP lifted its stake in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after buying an additional 302 shares during the last quarter. V Wealth Management LLC bought a new stake in Kansas City Southern in the second quarter valued at $169,000. Pacer Advisors Inc. lifted its stake in Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after buying an additional 66 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after buying an additional 52 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Kansas City Southern by 7.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,274 shares of the transportation company’s stock valued at $195,000 after buying an additional 165 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.
A number of equities research analysts have issued reports on KSU shares. BMO Capital Markets reiterated a “hold” rating and issued a $92.00 target price on shares of Kansas City Southern in a research note on Wednesday, May 24th. Credit Suisse Group reiterated a “neutral” rating and issued a $90.00 target price (up from $87.00) on shares of Kansas City Southern in a research note on Sunday, May 28th. Aegis raised their target price on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, June 19th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a research note on Friday, June 30th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $105.53.
In other news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 42,087 shares in the company, valued at $4,332,014.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mary K. Stadler sold 4,451 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $105.87, for a total value of $471,227.37. Following the sale, the senior vice president now owns 8,814 shares of the company’s stock, valued at approximately $933,138.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,469 shares of company stock valued at $1,522,510. 0.95% of the stock is currently owned by corporate insiders.
Kansas City Southern (NYSE KSU) traded up 0.23% on Tuesday, reaching $106.28. The company had a trading volume of 97,610 shares. The company’s 50 day moving average price is $104.05 and its 200-day moving average price is $96.02. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 21.39 and a beta of 0.79. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.07. The company had revenue of $656.40 million during the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share. On average, equities analysts predict that Kansas City Southern will post $5.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, September 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s payout ratio is presently 28.92%.
Kansas City Southern announced that its board has authorized a share repurchase program on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Kansas City Southern 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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