Sei Investments Co. raised its position in Kansas City Southern (NYSE:KSU) by 25.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,379 shares of the transportation company’s stock after buying an additional 5,114 shares during the period. Sei Investments Co.’s holdings in Kansas City Southern were worth $2,655,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. First Manhattan Co. increased its position in shares of Kansas City Southern by 1.2% in the second quarter. First Manhattan Co. now owns 4,547 shares of the transportation company’s stock worth $475,000 after buying an additional 52 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Kansas City Southern by 25.4% in the second quarter. Daiwa Securities Group Inc. now owns 40,000 shares of the transportation company’s stock worth $4,186,000 after buying an additional 8,100 shares during the period. Investment Counselors of Maryland LLC increased its position in shares of Kansas City Southern by 0.4% in the second quarter. Investment Counselors of Maryland LLC now owns 18,591 shares of the transportation company’s stock worth $1,946,000 after buying an additional 75 shares during the period. CIBC Asset Management Inc increased its position in shares of Kansas City Southern by 1.2% in the second quarter. CIBC Asset Management Inc now owns 10,712 shares of the transportation company’s stock worth $1,121,000 after buying an additional 126 shares during the period. Finally, Pillar Pacific Capital Management LLC increased its position in shares of Kansas City Southern by 0.8% in the second quarter. Pillar Pacific Capital Management LLC now owns 42,400 shares of the transportation company’s stock worth $4,437,000 after buying an additional 340 shares during the period. 85.05% of the stock is owned by institutional investors and hedge funds.

Kansas City Southern (NYSE KSU) opened at 105.72 on Thursday. The firm’s 50-day moving average price is $104.29 and its 200 day moving average price is $94.52. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The stock has a market cap of $11.15 billion, a P/E ratio of 21.28 and a beta of 0.80.

Kansas City Southern (NYSE:KSU) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $627.81 million. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $1.22 earnings per share. Equities analysts predict that Kansas City Southern will post $5.22 earnings per share for the current year.

Kansas City Southern announced that its Board of Directors has approved a share repurchase program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase 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.

The company also recently declared 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.36%. 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 currently 26.51%.

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A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America Corporation increased their target price on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday. Stifel Nicolaus reissued a “buy” rating and set a $118.00 target price (up from $114.00) on shares of Kansas City Southern in a research note on Friday, August 18th. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $105.00 target price (up from $98.00) on shares of Kansas City Southern in a research note on Tuesday, July 25th. 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.60.

In related news, SVP Mary K. Stadler sold 4,451 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $105.87, for a total transaction of $471,227.37. Following the sale, the senior vice president now directly owns 8,814 shares in the company, valued at $933,138.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry J. Maier acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $106.19 per share, for a total transaction of $318,570.00. Following the completion of the acquisition, the director now owns 4,159 shares of the company’s stock, valued at $441,644.21. The disclosure for this purchase can be found here. Company 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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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