Moors & Cabot Inc. increased its holdings in shares of Kansas City Southern (NYSE:KSU) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,277 shares of the transportation company’s stock after purchasing an additional 51 shares during the quarter. Moors & Cabot Inc.’s holdings in Kansas City Southern were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in KSU. BlackRock Inc. lifted its holdings 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 acquiring an additional 10,183,801 shares during the period. Vanguard Group Inc. lifted its holdings in Kansas City Southern by 2.5% in the second quarter. Vanguard Group Inc. now owns 10,363,571 shares of the transportation company’s stock valued at $1,084,547,000 after acquiring an additional 253,631 shares during the period. State Street Corp lifted its holdings 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 acquiring an additional 146,836 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings 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 acquiring an additional 3,687,248 shares during the period. Finally, Sustainable Growth Advisers LP lifted its holdings in Kansas City Southern by 19.7% in the second quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock valued at $261,708,000 after acquiring an additional 412,275 shares during the period. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Kansas City Southern (KSU) Shares Bought by Moors & Cabot Inc.” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/11/kansas-city-southern-ksu-shares-bought-by-moors-cabot-inc.html.

A number of research analysts have weighed in on KSU shares. Stifel Nicolaus reissued a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a report on Friday, June 30th. BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Aegis increased their target price on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, June 19th. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Thursday, August 24th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of Kansas City Southern in a report on Wednesday, October 4th. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $107.80.

In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $102.93, for a total value of $617,580.00. Following the completion of the transaction, the insider now 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 accessible through the SEC website. Also, SVP Mary K. Stadler sold 4,451 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was 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 directly owns 8,814 shares of the company’s stock, valued at approximately $933,138.18. The disclosure for this sale can be found here. Insiders sold a total of 14,469 shares of company stock valued at $1,522,510 in the last ninety days. 0.95% of the stock is currently owned by insiders.

Kansas City Southern (NYSE:KSU) traded down 0.08% on Wednesday, hitting $104.71. The stock had a trading volume of 40,620 shares. The company has a 50 day moving average price of $105.79 and a 200-day moving average price of $99.15. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 21.07 and a beta of 0.81.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 11.40% and a net margin of 21.52%. Kansas City Southern’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS. On average, equities research analysts predict that Kansas City Southern will post $5.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Monday, September 11th were issued a $0.36 dividend. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, September 8th. This represents a $1.44 dividend on an annualized basis and a yield of 1.37%. Kansas City Southern’s dividend payout ratio is presently 28.92%.

Kansas City Southern declared that its board has authorized a share repurchase program on Tuesday, August 15th that allows the company to repurchase $800.00 million in shares. This repurchase authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.

Want to see what other hedge funds are holding KSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kansas City Southern (NYSE:KSU).

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

Receive News & Stock Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related stocks with our FREE daily email newsletter.