Investec Asset Management LTD raised its holdings in Kansas City Southern (NYSE:KSU) by 102.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 269,574 shares of the transportation company’s stock after purchasing an additional 136,444 shares during the period. Investec Asset Management LTD owned 0.26% of Kansas City Southern worth $28,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Savant Capital LLC lifted its holdings in shares of Kansas City Southern by 0.4% in the first quarter. Savant Capital LLC now owns 3,201 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 12 shares in the last quarter. Concert Wealth Management Inc. lifted its holdings in shares of Kansas City Southern by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 7,059 shares of the transportation company’s stock valued at $598,000 after purchasing an additional 24 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after purchasing an additional 52 shares in the last quarter. First Manhattan Co. lifted its holdings 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 valued at $475,000 after purchasing an additional 52 shares in the last quarter. Finally, Financial Counselors Inc. lifted its holdings in shares of Kansas City Southern by 0.4% in the second quarter. Financial Counselors Inc. now owns 12,230 shares of the transportation company’s stock valued at $1,280,000 after purchasing an additional 54 shares in the last quarter. 84.52% of the stock is currently owned by institutional investors.

In related news, SVP Mary K. Stadler sold 4,451 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 8,814 shares in the company, valued at $933,138.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Henry J. Maier purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $106.19 per share, with a total value of $318,570.00. Following the completion of the acquisition, the director now owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 14,469 shares of company stock valued at $1,522,510. 0.95% of the stock is currently owned by corporate insiders.

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Shares of Kansas City Southern (NYSE:KSU) traded down 0.41% during trading on Monday, reaching $106.82. 64,207 shares of the company traded hands. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The firm has a market capitalization of $11.26 billion, a PE ratio of 21.50 and a beta of 0.79. The firm has a 50-day moving average price of $104.40 and a 200-day moving average price of $96.49.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.26 by $0.07. The company had revenue of $656.40 million during 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 revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the company posted $1.22 earnings per share. Equities research analysts anticipate that Kansas City Southern will post $5.20 EPS for the current year.

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 issued a dividend of $0.36 per share. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is currently 28.92%.

Kansas City Southern announced that its board has approved a stock repurchase program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Several analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 price target (up previously from $114.00) on shares of Kansas City Southern in a report on Friday, August 18th. BidaskClub downgraded shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Bank of America Corporation upped their price target 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. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Finally, Aegis upped their price target on shares of Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, June 19th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $105.53.

Kansas City Southern 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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