Suntrust Banks Inc. Sells 217 Shares of Kansas City Southern (KSU)
Suntrust Banks Inc. trimmed its holdings in shares of Kansas City Southern (NYSE:KSU) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,545 shares of the transportation company’s stock after selling 217 shares during the period. Suntrust Banks Inc.’s holdings in Kansas City Southern were worth $580,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of KSU. V Wealth Management LLC bought a new stake in shares of Kansas City Southern during the second quarter worth approximately $169,000. Pacer Advisors Inc. raised its stake in shares of Kansas City Southern by 3.1% during the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after buying an additional 66 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Kansas City Southern by 2.4% during the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after buying an additional 52 shares during the last quarter. Advisor Partners LLC bought a new stake in shares of Kansas City Southern during the second quarter worth approximately $202,000. Finally, Winslow Evans & Crocker Inc. bought a new stake in shares of Kansas City Southern during the second quarter worth approximately $209,000. 84.59% of the stock is owned by institutional investors and hedge funds.
In other Kansas City Southern news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of Kansas City Southern stock in a transaction 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 transaction, the insider now directly owns 42,087 shares of the company’s stock, valued at approximately $4,332,014.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mary K. Stadler sold 4,451 shares of Kansas City Southern stock in a transaction on Friday, August 18th. The stock was sold at an average price of $105.87, for a total transaction of $471,227.37. Following the transaction, the senior vice president now directly owns 8,814 shares in the company, valued at $933,138.18. The disclosure for this sale can be found here. Insiders have sold a total of 14,469 shares of company stock worth $1,522,510 over the last ninety days. Insiders own 0.95% of the company’s stock.
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Shares of Kansas City Southern (KSU) opened at 103.74 on Monday. The firm’s 50-day moving average is $105.92 and its 200 day moving average is $98.59. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 20.88 and a beta of 0.81. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.07. The firm had revenue of $656.40 million for 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 for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 EPS. On average, equities research analysts anticipate that Kansas City Southern will post $5.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Monday, September 11th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.39%. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, September 8th. Kansas City Southern’s payout ratio is currently 28.92%.
Kansas City Southern declared that its board has initiated a share buyback program on Tuesday, August 15th that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms recently weighed in on KSU. BidaskClub raised shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Stifel Nicolaus reissued a “buy” rating and set a $118.00 price target (up from $114.00) on shares of Kansas City Southern in a research note on Friday, August 18th. Cowen and Company reissued a “market perform” rating and set a $104.00 price target (up from $95.00) on shares of Kansas City Southern in a research note on Monday, July 24th. 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 research note on Monday, October 2nd. Finally, Citigroup Inc. reissued a “buy” rating and set a $123.00 price target (up from $116.00) on shares of Kansas City Southern in a research note on Wednesday, October 4th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern presently has an average rating of “Buy” and an average price target of $107.60.
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.
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