Veritable L.P. raised its stake in Kansas City Southern (NYSE:KSU) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,854 shares of the transportation company’s stock after purchasing an additional 83 shares during the quarter. Veritable L.P.’s holdings in Kansas City Southern were worth $299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Savant Capital LLC boosted its holdings in shares of Kansas City Southern by 0.4% in the 2nd quarter. Savant Capital LLC now owns 3,214 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 13 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Kansas City Southern by 2.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after purchasing an additional 52 shares during the last quarter. First Manhattan Co. boosted its holdings in shares of Kansas City Southern by 1.2% in the 2nd quarter. First Manhattan Co. now owns 4,547 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 52 shares during the last quarter. Financial Counselors Inc. boosted its holdings in shares of Kansas City Southern by 0.4% in the 2nd quarter. Financial Counselors Inc. now owns 12,230 shares of the transportation company’s stock valued at $1,280,000 after purchasing an additional 54 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Kansas City Southern by 0.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,975 shares of the transportation company’s stock valued at $835,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 84.59% of the company’s stock.

A number of equities analysts have weighed in on KSU shares. BidaskClub upgraded shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Bank of America Corporation lifted their price target on shares of Kansas City Southern from $112.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Zacks Investment Research lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Credit Suisse Group upgraded shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $116.00 in a report on Friday, June 16th. Finally, UBS AG reiterated a “positive” rating and issued a $117.00 price target (up previously from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $107.60.

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In related news, Director Antonio O. Garza sold 4,018 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total transaction of $433,702.92. Following the completion of the transaction, the director now directly owns 4,920 shares in the company, valued at approximately $531,064.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 42,087 shares of the company’s stock, valued at $4,332,014.91. The disclosure for this sale can be found here. Over 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 insiders.

Shares of Kansas City Southern (NYSE:KSU) opened at 107.02 on Thursday. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The stock has a market cap of $11.28 billion, a P/E ratio of 21.54 and a beta of 0.81. The company’s 50-day moving average is $105.98 and its 200 day moving average is $98.38.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.07. The business 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%. Kansas City Southern’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. Equities research analysts anticipate that Kansas City Southern will post $5.20 EPS for the current year.

Kansas City Southern declared that its Board of Directors has initiated a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Monday, September 11th were issued a dividend of $0.36 per share. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, September 8th. Kansas City Southern’s dividend payout ratio is currently 28.92%.

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.

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

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