Voya Investment Management LLC Reduces Holdings in Kansas City Southern (KSU)

Voya Investment Management LLC trimmed its position in Kansas City Southern (NYSE:KSU) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,690 shares of the transportation company’s stock after selling 2,310 shares during the period. Voya Investment Management LLC owned about 0.05% of Kansas City Southern worth $6,037,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. V Wealth Management LLC purchased a new position in Kansas City Southern in the second quarter worth about $169,000. Advisor Partners LLC purchased a new position in shares of Kansas City Southern during the 2nd quarter valued at about $202,000. Glenview State Bank Trust DEPT. purchased a new position in shares of Kansas City Southern during the 2nd quarter valued at about $209,000. Sabal Trust CO purchased a new position in shares of Kansas City Southern during the 2nd quarter valued at about $225,000. Finally, Pacer Advisors Inc. lifted its position in shares of Kansas City Southern by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after buying an additional 66 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Voya Investment Management LLC Reduces Holdings in Kansas City Southern (KSU)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/voya-investment-management-llc-reduces-holdings-in-kansas-city-southern-ksu.html.

Shares of Kansas City Southern (NYSE KSU) opened at 104.79 on Wednesday. The company has a market cap of $11.05 billion, a P/E ratio of 21.09 and a beta of 0.81. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The firm has a 50-day moving average price of $105.79 and a 200-day moving average price of $99.15.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.07. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. Kansas City Southern’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 earnings per share. On average, equities analysts expect that Kansas City Southern will post $5.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, September 8th. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s dividend payout ratio (DPR) is 28.92%.

Kansas City Southern declared that its board has authorized a stock repurchase plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of research analysts have recently weighed in on KSU shares. Credit Suisse Group raised Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $116.00 in a research report on Friday, June 16th. Aegis lifted their price objective on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price objective on shares of Kansas City Southern in a research report on Friday, June 30th. Finally, UBS AG reaffirmed a “positive” rating and set a $117.00 price objective (up from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $107.80.

In other news, Director Antonio O. Garza sold 4,018 shares of the firm’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 transaction, the director now owns 4,920 shares in the company, valued at $531,064.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry J. Maier bought 3,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $106.19 per share, for a total transaction of $318,570.00. Following the transaction, the director now owns 4,159 shares of the company’s stock, valued at $441,644.21. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 14,469 shares of company stock worth $1,522,510. Company insiders own 0.95% of the company’s stock.

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 w

Other large investors have also recently made changes to their positions in the company. V Wealth Management LLC purchased a new position in Kansas City Southern in the second quarter worth about $169,000. Advisor Partners LLC purchased a new position in shares of Kansas City Southern during the 2nd quarter valued at about $202,000. Glenview State Bank Trust DEPT. purchased a new position in shares of Kansas City Southern during the 2nd quarter valued at about $209,000. Sabal Trust CO purchased a new position in shares of Kansas City Southern during the 2nd quarter valued at about $225,000. Finally, Pacer Advisors Inc. lifted its position in shares of Kansas City Southern by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after buying an additional 66 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Voya Investment Management LLC Reduces Holdings in Kansas City Southern (KSU)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/voya-investment-management-llc-reduces-holdings-in-kansas-city-southern-ksu.html.

Shares of Kansas City Southern (NYSE KSU) opened at 104.79 on Wednesday. The company has a market cap of $11.05 billion, a P/E ratio of 21.09 and a beta of 0.81. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The firm has a 50-day moving average price of $105.79 and a 200-day moving average price of $99.15.

Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.07. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. Kansas City Southern’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 earnings per share. On average, equities analysts expect that Kansas City Southern will post $5.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, September 8th. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s dividend payout ratio (DPR) is 28.92%.

Kansas City Southern declared that its board has authorized a stock repurchase plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of research analysts have recently weighed in on KSU shares. Credit Suisse Group raised Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $116.00 in a research report on Friday, June 16th. Aegis lifted their price objective on Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price objective on shares of Kansas City Southern in a research report on Friday, June 30th. Finally, UBS AG reaffirmed a “positive” rating and set a $117.00 price objective (up from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $107.80.

In other news, Director Antonio O. Garza sold 4,018 shares of the firm’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 transaction, the director now owns 4,920 shares in the company, valued at $531,064.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry J. Maier bought 3,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $106.19 per share, for a total transaction of $318,570.00. Following the transaction, the director now owns 4,159 shares of the company’s stock, valued at $441,644.21. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 14,469 shares of company stock worth $1,522,510. Company insiders own 0.95% of the company’s stock.

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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