Aviance Capital Management LLC acquired a new position in shares of Kansas City Southern (NYSE:KSU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,833 shares of the transportation company’s stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors have also modified their holdings of KSU. QS Investors LLC grew its holdings in Kansas City Southern by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares in the last quarter. Savant Capital LLC increased its position in Kansas City Southern by 0.4% in the 2nd quarter. Savant Capital LLC now owns 3,214 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 13 shares during the period. Envestnet Asset Management Inc. increased its position in Kansas City Southern by 2.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after acquiring an additional 52 shares during the period. First Manhattan Co. increased its position in Kansas City Southern by 1.2% in the 2nd quarter. First Manhattan Co. now owns 4,547 shares of the transportation company’s stock valued at $475,000 after acquiring an additional 52 shares during the period. Finally, Financial Counselors Inc. increased its position in Kansas City Southern by 0.4% in the 2nd quarter. Financial Counselors Inc. now owns 12,230 shares of the transportation company’s stock valued at $1,280,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 84.59% of the company’s stock.

Kansas City Southern (NYSE:KSU) traded up 0.14% on Tuesday, hitting $107.19. The company’s stock had a trading volume of 170,172 shares. The company has a 50 day moving average price of $105.91 and a 200-day moving average price of $98.16. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The company has a market capitalization of $11.30 billion, a P/E ratio of 21.57 and a beta of 0.81.

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 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 analyst estimates of $627.81 million. During the same quarter last year, the firm earned $1.22 EPS. The company’s revenue for the quarter 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.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Monday, September 11th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase 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 payout ratio is 28.92%.

Kansas City Southern declared that its board has authorized a share buyback plan on Tuesday, August 15th that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Kansas City Southern 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 value of $471,227.37. Following the transaction, the senior vice president now directly owns 8,814 shares of the company’s stock, valued at $933,138.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $102.93, for a total transaction of $617,580.00. Following the completion of the transaction, the insider now directly owns 42,087 shares in the company, valued at $4,332,014.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,469 shares of company stock valued at $1,522,510. 0.95% of the stock is currently owned by insiders.

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Several research analysts have recently issued reports on the company. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Morgan Stanley reissued an “equal weight” rating and set a $88.00 price target (down from $93.00) on shares of Kansas City Southern in a report on Monday. Cowen and Company restated a “market perform” rating and set a $104.00 price objective (up from $95.00) on shares of Kansas City Southern in a research note on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and set a $118.00 price objective (up from $114.00) on shares of Kansas City Southern in a research note on Friday, August 18th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $105.00 price objective (up previously from $98.00) on shares of Kansas City Southern in a report on Tuesday, July 25th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Kansas City Southern has an average rating of “Buy” and a consensus target price of $106.00.

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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