Franklin Resources Inc. grew its holdings in Kansas City Southern (NYSE:KSU) by 66.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 751,520 shares of the transportation company’s stock after purchasing an additional 299,266 shares during the period. Franklin Resources Inc. owned approximately 0.71% of Kansas City Southern worth $78,647,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in KSU. WFG Advisors LP increased its stake in shares of Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after acquiring an additional 302 shares during the last quarter. V Wealth Management LLC acquired a new position in shares of Kansas City Southern in the second quarter worth $169,000. Pacer Advisors Inc. increased its stake in shares of Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after acquiring an additional 66 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of 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 worth $194,000 after acquiring an additional 52 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 worth $195,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.
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Shares of Kansas City Southern (NYSE:KSU) opened at 106.12 on Wednesday. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The firm has a market capitalization of $11.19 billion, a P/E ratio of 21.36 and a beta of 0.79. The stock has a 50 day moving average price of $104.11 and a 200 day moving average price of $96.09.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.26 by $0.07. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The firm had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. During the same period in the previous year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts expect that Kansas City Southern will post $5.20 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Monday, September 11th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, September 8th. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.36%. Kansas City Southern’s payout ratio is 28.92%.
Kansas City Southern declared that its board has authorized a stock repurchase program on Tuesday, August 15th that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have recently weighed in on KSU shares. BidaskClub raised shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Bank of America Corporation upped their price target 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. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Credit Suisse Group raised shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $116.00 in a research note on Friday, June 16th. Finally, UBS AG reaffirmed a “positive” rating and issued a $117.00 price target (up from $103.00) on shares of Kansas City Southern in a research note on Monday, July 24th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus 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 dated Monday, August 28th. The shares were sold at an average price of $102.93, for a total transaction of $617,580.00. Following the transaction, the insider now directly owns 42,087 shares in the company, valued at approximately $4,332,014.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Antonio O. Garza sold 4,018 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total transaction of $433,702.92. Following the transaction, the director now owns 4,920 shares in the company, 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 worth $1,522,510 over the last three months. Insiders own 0.95% of the company’s stock.
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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