Wafra Investment Advisory Group Inc. NY Buys Shares of 7,012 Kansas City Southern (KSU)
Wafra Investment Advisory Group Inc. NY bought a new stake in shares of Kansas City Southern (NYSE:KSU) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,012 shares of the transportation company’s stock, valued at approximately $734,000.
Other institutional investors have also added to or reduced their stakes in the company. Boston Common Asset Management LLC lifted its position in Kansas City Southern by 63.6% during the 1st quarter. Boston Common Asset Management LLC now owns 56,095 shares of the transportation company’s stock valued at $4,811,000 after purchasing an additional 21,803 shares during the period. Eaton Vance Management lifted its position in Kansas City Southern by 179.5% during the 2nd quarter. Eaton Vance Management now owns 175,346 shares of the transportation company’s stock valued at $18,350,000 after purchasing an additional 112,609 shares during the period. V Wealth Management LLC acquired a new position in Kansas City Southern during the 2nd quarter valued at about $169,000. Westpac Banking Corp lifted its position in Kansas City Southern by 28.9% during the 2nd quarter. Westpac Banking Corp now owns 117,572 shares of the transportation company’s stock valued at $12,304,000 after purchasing an additional 26,363 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Kansas City Southern by 20.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 66,368 shares of the transportation company’s stock valued at $6,946,000 after purchasing an additional 11,138 shares during the period. Institutional investors own 84.59% of the company’s stock.
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KSU has been the topic of a number of research reports. Credit Suisse Group upgraded shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and upped their target price for the company from $90.00 to $116.00 in a research report on Friday, June 16th. Aegis upped their price target on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, June 19th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 price target on shares of Kansas City Southern in a research note on Friday, June 30th. Finally, UBS AG reaffirmed a “positive” rating and issued a $117.00 price target (up from $103.00) on shares of Kansas City Southern in a research note on Monday, July 24th. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $107.80.
Kansas City Southern (NYSE KSU) traded up 0.749% during mid-day trading on Wednesday, reaching $105.575. The company had a trading volume of 207,807 shares. The firm has a market capitalization of $11.13 billion, a P/E ratio of 21.242 and a beta of 0.81. The firm’s 50-day moving average is $105.80 and its 200-day moving average is $99.15. Kansas City Southern has a one year low of $79.05 and a one year high of $109.13.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. During the same period in the previous year, the firm earned $1.22 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Kansas City Southern will post $5.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Monday, September 11th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, September 8th. This is a positive change from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.37%. Kansas City Southern’s payout ratio is 28.92%.
Kansas City Southern announced that its board has approved a stock buyback plan on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, SVP Mary K. Stadler sold 4,451 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 8,814 shares in the company, valued at $933,138.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Henry J. Maier acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $106.19 per share, with a total value of $318,570.00. Following the acquisition, the director now owns 4,159 shares of the company’s stock, valued at $441,644.21. The disclosure for this purchase can be found here. Over the last three months, insiders sold 14,469 shares of company stock worth $1,522,510. Insiders own 0.95% of the company’s stock.
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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