Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Kansas City Southern (NYSE:KSU) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,025 shares of the transportation company’s stock after selling 1,368 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kansas City Southern were worth $2,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Kansas City Southern by 4,542.5% in the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock valued at $892,591,000 after purchasing an additional 10,183,801 shares in the last quarter. Vanguard Group Inc. increased its stake in Kansas City Southern by 2.4% in the first quarter. Vanguard Group Inc. now owns 10,109,940 shares of the transportation company’s stock valued at $867,029,000 after purchasing an additional 233,036 shares in the last quarter. State Street Corp increased its stake in Kansas City Southern by 3.3% in the first quarter. State Street Corp now owns 4,658,164 shares of the transportation company’s stock valued at $399,479,000 after purchasing an additional 146,836 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Kansas City Southern by 588.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock valued at $369,943,000 after purchasing an additional 3,687,248 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its stake in Kansas City Southern by 103.8% in the first quarter. Pioneer Investment Management Inc. now owns 2,133,685 shares of the transportation company’s stock valued at $182,985,000 after purchasing an additional 1,086,853 shares in the last quarter. 84.54% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Mary K. Stadler sold 4,451 shares of the company’s 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 sale, the senior vice president now directly owns 8,814 shares of the company’s stock, valued at approximately $933,138.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Henry J. Maier bought 3,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost 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 in the company, valued at approximately $441,644.21. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 14,469 shares of company stock worth $1,522,510. 0.95% of the stock is owned by insiders.

Kansas City Southern (NYSE KSU) opened at 103.64 on Thursday. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13. The stock has a market capitalization of $10.93 billion, a PE ratio of 20.86 and a beta of 0.79. The company’s 50-day moving average is $104.07 and its 200 day moving average is $95.72.

Kansas City Southern (NYSE:KSU) last issued its 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 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%. Kansas City Southern’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. On average, equities research analysts expect that Kansas City Southern will post $5.21 earnings per share for the current fiscal year.

The company also recently announced 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%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, September 8th. Kansas City Southern’s dividend payout ratio is presently 26.51%.

Kansas City Southern announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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KSU has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $92.00 price target on shares of Kansas City Southern in a research note on Wednesday, May 24th. BidaskClub downgraded shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Credit Suisse Group raised shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $116.00 in a research note on Friday, June 16th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Thursday, August 24th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Kansas City Southern in a research note on Friday, August 25th. Ten 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’s stock. Kansas City Southern presently has a consensus rating of “Buy” and an average price target of $105.53.

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

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