Formidable Asset Management LLC lessened its holdings in Kansas City Southern (NYSE:KSU) by 12.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,150 shares of the transportation company’s stock after selling 765 shares during the period. Formidable Asset Management LLC’s holdings in Kansas City Southern were worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KSU. WFG Advisors LP lifted its position in shares of Kansas City Southern by 30.2% in the 1st quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after purchasing an additional 302 shares during the period. V Wealth Management LLC purchased a new stake in shares of Kansas City Southern in the 2nd quarter worth approximately $169,000. Pacer Advisors Inc. lifted its position in shares of Kansas City Southern by 3.1% in 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 period. Envestnet Asset Management Inc. lifted its position 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 worth $194,000 after purchasing an additional 52 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Kansas City Southern by 7.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,274 shares of the transportation company’s stock worth $195,000 after purchasing an additional 165 shares during the period. 84.54% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently weighed in on KSU shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $92.00 price target on shares of Kansas City Southern in a research report on Wednesday, May 24th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $90.00 price target (up previously from $87.00) on shares of Kansas City Southern in a research report on Sunday, May 28th. Aegis upped their price target on shares of Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. BidaskClub cut shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 price target on shares of Kansas City Southern in a research report on Friday, June 30th. Eleven research 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 an average rating of “Buy” and a consensus target price of $105.53.

Kansas City Southern (NYSE KSU) traded up 0.37% on Friday, hitting $106.70. 298,359 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $104.24 and its 200-day moving average price is $96.36. The company has a market cap of $11.25 billion, a PE ratio of 21.47 and a beta of 0.79. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.07. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The business had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. During the same period in the prior year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts forecast that Kansas City Southern will post $5.20 earnings per share for the current year.

The business 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. The ex-dividend date of this dividend is Friday, September 8th. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.35%. Kansas City Southern’s dividend payout ratio is 28.92%.

Kansas City Southern announced that its Board of Directors has approved a share buyback plan on Tuesday, August 15th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

In related news, SVP Mary K. Stadler sold 4,451 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $105.87, for a total value of $471,227.37. Following the sale, the senior vice president now directly owns 8,814 shares of the company’s stock, valued at approximately $933,138.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 42,087 shares in the company, 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 worth $1,522,510. Corporate 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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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