Kansas City Southern (KSU) Stake Decreased by Balyasny Asset Management LLC
Balyasny Asset Management LLC cut its position in shares of Kansas City Southern (NYSE:KSU) by 97.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,995 shares of the transportation company’s stock after selling 1,352,314 shares during the period. Balyasny Asset Management LLC’s holdings in Kansas City Southern were worth $3,139,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. QS Investors LLC increased its stake in shares of Kansas City Southern by 0.5% during the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after purchasing an additional 7 shares during the last quarter. V Wealth Management LLC acquired a new position in shares of Kansas City Southern during the 2nd quarter worth about $169,000. Pacer Advisors Inc. increased its stake in shares of Kansas City Southern by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after purchasing an additional 66 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Kansas City Southern by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after purchasing an additional 52 shares during the last quarter. Finally, Advisor Partners LLC acquired a new position in shares of Kansas City Southern during the 2nd quarter worth about $202,000. Institutional investors own 84.59% of the company’s stock.
Kansas City Southern (NYSE KSU) opened at 104.79 on Wednesday. The firm’s 50 day moving average is $105.79 and its 200-day moving average is $99.15. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 21.09 and a beta of 0.81.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.07. The firm had revenue of $656.40 million during 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 company’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company earned $1.22 earnings per share. On average, equities analysts forecast that Kansas City Southern will post $5.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Monday, September 11th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.44 annualized dividend and a yield of 1.37%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s payout ratio is currently 28.92%.
Kansas City Southern declared that its Board of Directors has approved a stock repurchase plan on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
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KSU has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $108.00 price objective on shares of Kansas City Southern in a research note on Friday, June 30th. BidaskClub lowered shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. 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 research note on Monday, June 19th. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Thursday, August 24th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $123.00 price target (up previously from $116.00) on shares of Kansas City Southern in a research note on Wednesday, October 4th. Ten research 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 stock. Kansas City Southern currently has a consensus 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 business’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 owns 42,087 shares of the company’s stock, valued at $4,332,014.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Henry J. Maier acquired 3,000 shares of Kansas City Southern stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $106.19 per share, with a total value of $318,570.00. Following the purchase, 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. In the last ninety days, insiders have sold 14,469 shares of company stock valued at $1,522,510. 0.95% of the stock is owned by corporate insiders.
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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