Retirement Systems of Alabama lowered its position in shares of Kansas City Southern (NYSE:KSU) by 0.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 51,434 shares of the transportation company’s stock after selling 115 shares during the period. Retirement Systems of Alabama’s holdings in Kansas City Southern were worth $5,383,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. WFG Advisors LP boosted 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 buying an additional 302 shares during the period. Financial Architects Inc boosted its stake in shares of 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 period. V Wealth Management LLC purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $169,000. Glenview State Bank Trust DEPT. purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $209,000. Finally, Sabal Trust CO purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $225,000. 85.05% of the stock is currently owned by institutional investors and hedge funds.

Kansas City Southern (KSU) opened at 105.87 on Friday. The company has a market cap of $11.16 billion, a PE ratio of 21.31 and a beta of 0.80. The company has a 50-day moving average of $103.97 and a 200 day moving average of $93.85. 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 announced its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) 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 company had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. Kansas City Southern’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities analysts forecast that Kansas City Southern will post $5.21 earnings per share for the current fiscal year.

Kansas City Southern declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 15th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors 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 represents a $1.44 annualized dividend and a dividend yield of 1.36%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s payout ratio is currently 26.51%.

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A number of analysts have commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $105.00 price target (up previously from $98.00) on shares of Kansas City Southern in a research report on Tuesday, July 25th. Citigroup Inc. cut their price target on shares of Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Tuesday, April 25th. Cowen and Company upped their price target on shares of Kansas City Southern from $94.00 to $95.00 and gave the company a “market perform” rating in a research report on Monday, April 24th. BidaskClub cut shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price target on shares of Kansas City Southern in a research report on Friday, June 30th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $102.67.

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.

Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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