AMP Capital Investors Ltd Sells 4,246 Shares of Kansas City Southern (KSU)

AMP Capital Investors Ltd trimmed its position in Kansas City Southern (NYSE:KSU) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,801 shares of the transportation company’s stock after selling 4,246 shares during the period. AMP Capital Investors Ltd owned 0.08% of Kansas City Southern worth $8,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its stake in Kansas City Southern by 5.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,864,888 shares of the transportation company’s stock worth $1,045,284,000 after purchasing an additional 545,885 shares during the period. Wells Fargo & Company MN grew its stake in shares of Kansas City Southern by 2.2% in the second quarter. Wells Fargo & Company MN now owns 2,654,590 shares of the transportation company’s stock worth $281,281,000 after acquiring an additional 56,187 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Kansas City Southern by 6.8% in the first quarter. Allianz Asset Management GmbH now owns 2,134,853 shares of the transportation company’s stock worth $234,514,000 after acquiring an additional 136,750 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Kansas City Southern by 15.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,996,278 shares of the transportation company’s stock worth $219,291,000 after acquiring an additional 266,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kansas City Southern by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,423,829 shares of the transportation company’s stock worth $156,408,000 after acquiring an additional 15,502 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors.

In other news, VP Suzanne M. Grafton sold 729 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total transaction of $87,319.62. Following the transaction, the vice president now directly owns 10,580 shares of the company’s stock, valued at $1,267,272.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael W. Upchurch sold 5,442 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $116.77, for a total value of $635,462.34. Following the completion of the transaction, the chief financial officer now directly owns 17,906 shares in the company, valued at approximately $2,090,883.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,171 shares of company stock worth $841,712. Corporate insiders own 0.70% of the company’s stock.

Shares of NYSE:KSU opened at $116.67 on Friday. The firm has a market cap of $12.15 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.20. Kansas City Southern has a 1 year low of $99.47 and a 1 year high of $120.34.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 20th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. The firm had revenue of $682.40 million for the quarter, compared to the consensus estimate of $686.12 million. Kansas City Southern had a return on equity of 12.01% and a net margin of 36.91%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. research analysts predict that Kansas City Southern will post 6.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Monday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, September 7th. Kansas City Southern’s payout ratio is currently 27.43%.

A number of equities research analysts have recently commented on KSU shares. Loop Capital increased their target price on Kansas City Southern to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research cut Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Cowen reissued a “hold” rating and issued a $124.00 target price on shares of Kansas City Southern in a research note on Monday, July 23rd. Morgan Stanley increased their target price on Kansas City Southern from $106.00 to $108.00 and gave the stock a “$111.08” rating in a research note on Monday, July 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $130.00 target price on shares of Kansas City Southern in a research note on Saturday, June 2nd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Kansas City Southern has a consensus rating of “Buy” and a consensus target price of $122.43.

Kansas City Southern Company Profile

Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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