Kansas City Southern (KSU) Position Raised by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. boosted its position in shares of Kansas City Southern (NYSE:KSU) by 20.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,368 shares of the transportation company’s stock after buying an additional 11,138 shares during the period. Oppenheimer & Co. Inc. owned about 0.06% of Kansas City Southern worth $6,946,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cipher Capital LP purchased a new position in Kansas City Southern during the second quarter worth $3,072,000. Westpac Banking Corp boosted its position in Kansas City Southern by 28.9% in the second quarter. Westpac Banking Corp now owns 117,572 shares of the transportation company’s stock worth $12,304,000 after buying an additional 26,363 shares during the last quarter. Swiss National Bank boosted its position in Kansas City Southern by 1.9% in the second quarter. Swiss National Bank now owns 388,551 shares of the transportation company’s stock worth $40,662,000 after buying an additional 7,400 shares during the last quarter. Greenwood Capital Associates LLC purchased a new position in Kansas City Southern during the second quarter worth $235,000. Finally, Neuberger Berman Group LLC boosted its position in Kansas City Southern by 57.8% in the second quarter. Neuberger Berman Group LLC now owns 935,974 shares of the transportation company’s stock worth $97,950,000 after buying an additional 342,800 shares during the last quarter. 84.53% of the stock is owned by institutional investors.
Shares of Kansas City Southern (NYSE KSU) opened at 104.2704 on Friday. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The stock has a market cap of $10.99 billion, a PE ratio of 20.9842 and a beta of 0.80. The stock’s 50 day moving average is $104.18 and its 200-day moving average is $95.23.
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 Zacks’ consensus estimate of $1.26 by $0.07. The business had revenue of $656.40 million during the quarter, compared to the consensus estimate 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 revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS. On average, analysts predict that Kansas City Southern will post $5.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, September 8th. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s dividend payout ratio (DPR) is currently 26.51%.
Kansas City Southern declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 15th that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday. Cowen and Company reaffirmed a “hold” rating on shares of Kansas City Southern in a report on Friday, August 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Kansas City Southern in a report on Friday, August 25th. Bank of America Corporation lifted their price objective on shares of Kansas City Southern from $112.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 price objective (up previously from $114.00) on shares of Kansas City Southern in a report on Friday, August 18th. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $105.53.
In other news, SVP Mary K. Stadler sold 4,451 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $105.87, for a total value of $471,227.37. Following the completion of the transaction, the senior vice president now owns 8,814 shares in the company, valued at approximately $933,138.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry J. Maier purchased 3,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $106.19 per share, with a total value of $318,570.00. Following the acquisition, the director now directly owns 4,159 shares in the company, valued at $441,644.21. The disclosure for this purchase can be found here. Insiders sold a total of 14,469 shares of company stock valued at $1,522,510 in the last quarter. 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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