TD Asset Management Inc. lowered its position in shares of Kansas City Southern (NYSE:KSU) by 19.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,928 shares of the transportation company’s stock after selling 28,325 shares during the period. TD Asset Management Inc. owned 0.12% of Kansas City Southern worth $14,610,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of KSU. Berman Capital Advisors LLC grew its stake in shares of Kansas City Southern by 164.8% during the second quarter. Berman Capital Advisors LLC now owns 241 shares of the transportation company’s stock worth $29,000 after purchasing an additional 150 shares in the last quarter. Thor Advisors LLC purchased a new stake in Kansas City Southern in the first quarter valued at $37,000. Nelson Roberts Investment Advisors LLC purchased a new stake in Kansas City Southern in the first quarter valued at $40,000. Atlas Capital Advisors LLC purchased a new stake in Kansas City Southern in the second quarter valued at $46,000. Finally, Icon Wealth Partners LLC purchased a new stake in Kansas City Southern in the first quarter valued at $66,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.
In other news, Director Lu M. Cordova sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $116.85, for a total value of $116,850.00. Following the completion of the sale, the director now directly owns 1,032 shares of the company’s stock, valued at $120,589.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Druten sold 2,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $125.04, for a total transaction of $312,600.00. The disclosure for this sale can be found here. Insiders sold 5,890 shares of company stock valued at $727,881 over the last ninety days. Corporate insiders own 0.82% of the company’s stock.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 19th. The transportation company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Kansas City Southern had a net margin of 20.35% and a return on equity of 12.45%. The business had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $704.55 million. During the same period in the prior year, the company earned $1.54 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. As a group, analysts expect that Kansas City Southern will post 6.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Monday, September 9th will be issued a $0.36 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.20%. Kansas City Southern’s payout ratio is 24.12%.
A number of equities research analysts recently weighed in on the stock. Cascend Securities cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Raymond James boosted their price target on shares of Kansas City Southern from $140.00 to $141.00 and gave the company a “strong-buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Kansas City Southern from $130.00 to $136.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Zacks Investment Research cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Morgan Stanley boosted their price target on shares of Kansas City Southern from $111.00 to $121.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $130.36.
Kansas City Southern Profile
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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