American Century Companies Inc. bought a new position in Kansas City Southern (NYSE:KSU) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,539 shares of the transportation company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Savant Capital LLC boosted its stake in shares of Kansas City Southern by 0.4% in the first quarter. Savant Capital LLC now owns 3,201 shares of the transportation company’s stock worth $275,000 after buying an additional 12 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in shares of Kansas City Southern by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 7,059 shares of the transportation company’s stock worth $598,000 after buying an additional 24 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Kansas City Southern by 2.4% in 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. First Manhattan Co. boosted its stake in shares of Kansas City Southern by 1.2% in the second quarter. First Manhattan Co. now owns 4,547 shares of the transportation company’s stock worth $475,000 after buying an additional 52 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Kansas City Southern by 3.1% in 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. Hedge funds and other institutional investors own 84.52% of the company’s stock.

Kansas City Southern (KSU) opened at 107.52 on Thursday. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The stock has a market cap of $11.33 billion, a P/E ratio of 21.64 and a beta of 0.79. The stock has a 50 day moving average price of $104.59 and a 200 day moving average price of $96.84.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.07. The business had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 EPS. On average, equities research analysts forecast that Kansas City Southern will post $5.20 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.36 per share. This is a positive change from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.44 annualized dividend and a dividend yield of 1.34%. Kansas City Southern’s payout ratio is 28.92%.

Kansas City Southern announced that its Board of Directors has approved a stock 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 buy 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.

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In other news, Director Henry J. Maier purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $106.19 per share, with a total value of $318,570.00. Following the purchase, the director now directly owns 4,159 shares of the company’s stock, valued at $441,644.21. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Antonio O. Garza sold 4,018 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the sale, the director now directly owns 4,920 shares in the company, valued at approximately $531,064.80. 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 in the last three months. Corporate insiders own 0.95% of the company’s stock.

A number of analysts have recently commented on the company. BidaskClub upgraded Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Stifel Nicolaus restated a “buy” rating and issued a $118.00 target price (up previously from $114.00) on shares of Kansas City Southern in a research note on Friday, August 18th. Cowen and Company restated a “market perform” rating and issued a $104.00 target price (up previously from $95.00) on shares of Kansas City Southern in a research note on Monday, July 24th. BMO Capital Markets restated a “hold” rating and issued a $92.00 target price on shares of Kansas City Southern in a research note on Wednesday, May 24th. Finally, Aegis upped their target price on Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $105.53.

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

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