Kansas City Southern (NYSE:KSU) Shares Bought by Aperio Group LLC
Aperio Group LLC boosted its position in Kansas City Southern (NYSE:KSU) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,802 shares of the transportation company’s stock after buying an additional 4,414 shares during the period. Aperio Group LLC’s holdings in Kansas City Southern were worth $3,956,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. WFG Advisors LP increased 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 worth $112,000 after buying an additional 302 shares during the last quarter. Financial Architects Inc increased its stake in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock worth $131,000 after buying an additional 1,115 shares during the last quarter. V Wealth Management LLC purchased a new stake in Kansas City Southern during the second quarter worth approximately $169,000. Glenview State Bank Trust DEPT. purchased a new stake in Kansas City Southern during the second quarter worth approximately $209,000. Finally, Pacer Advisors Inc. increased 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 worth $189,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 86.26% of the company’s stock.
Shares of Kansas City Southern (NYSE KSU) traded down 0.31% during trading on Thursday, hitting $101.79. 536,509 shares of the stock traded hands. The firm has a 50 day moving average price of $103.34 and a 200-day moving average price of $92.46. The company has a market cap of $10.73 billion, a PE ratio of 20.49 and a beta of 0.80. Kansas City Southern has a one year low of $79.05 and a one year high of $106.35.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, beating 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 business had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. During the same period in the previous year, the business earned $1.22 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. Analysts anticipate that Kansas City Southern will post $5.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th were given a $0.33 dividend. The ex-dividend date was Thursday, June 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.29%. Kansas City Southern’s dividend payout ratio (DPR) is presently 26.51%.
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A number of research firms have recently commented on KSU. BMO Capital Markets restated a “market perform” rating and set a $105.00 price objective (up from $98.00) on shares of Kansas City Southern in a report on Tuesday, July 25th. Cowen and Company restated a “market perform” rating and set a $104.00 price objective (up from $95.00) on shares of Kansas City Southern in a report on Monday, July 24th. UBS AG restated a “positive” rating and set a $117.00 price objective (up from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Citigroup Inc. dropped their price objective on Kansas City Southern from $103.00 to $99.00 and set a “buy” rating for the company in a report on Tuesday, April 25th. Finally, BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Kansas City Southern has a consensus rating of “Hold” and an average target price of $103.31.
In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.95% of the stock is owned by insiders.
About Kansas City Southern
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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