Short interest fell 521,620 over that period. As of October 13th, there was short interest totalling 1,076,354 shares, a drop of 32.6% from the September 29th total of 1,597,974 shares. Over the last three months, insiders have sold 16,442 shares of company stock valued at $1,727,525. Days to cover decreased from 3.0 to 1.0 and the short interest percentage is 0.01% as of October 13. Thrivent Financial for Lutherans boosted its position in shares of Kansas City Southern by 4.1% in the second quarter. QS Investors LLC increased its holdings in Kansas City Southern by 0.5% in the second quarter. Commonwealth Bank of Australia now owns 1,659,583 shares of the transportation company's stock worth $173,674,000 after buying an additional 192,835 shares in the last quarter. The sale was disclosed in a legal filing with the SEC, which is available through this link. Vanguard Group Inc. grew its position in shares of Kansas City Southern by 2.5% during the 2nd quarter. The shares were sold at an average price of $105.87, for a total transaction of $471,227.37. Following the transaction, the senior vice president now owns 6,102 shares in the company, valued at $634,058.82. The disclosure for this sale can be found here.
Hosking Partners Llp augmented its holdings by buying 523 shares an increase of 0.5% as of 09/30/2017. Insiders own 0.95% of the company's stock.
Several other institutional investors and hedge funds have also bought and sold shares of KSU. The value of the position overall is up by 0.6%. Washington Trust Bank now owns 1,651 shares of the company's stock worth $154,000 after buying an additional 51 shares in the last quarter. RWC Asset Management LLP lifted its position in Kansas City Southern by 22.3% in the 3rd quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company's stock worth $261,708,000 after purchasing an additional 412,275 shares in the last quarter. Sustainable Growth Advisers LP grew its position in shares of Kansas City Southern by 19.7% during the 2nd quarter. Commonwealth Bankshares Of reported 1.75% of its portfolio in Kansas City Southern (NYSE:KSU). Oppenheimerfunds, Inc. claims 336,365 shares valued at $36,556,000.
A number of research firms have recently issued reports on KSU.
On October 23 BMO Capital Markets left the stock rating at "Hold" targeting a price of $109.00. Buckingham Research began coverage on shares of Kansas City Southern in a report on Wednesday.
Barclays PLC raised the price target on October 23 changing the forecast from $100.00 to $105.00 and issued a "Equal Weight" recommendation. Bank of America Corporation boosted their price objective on shares of Kansas City Southern from $112.00 to $113.00 and gave the stock a "neutral" rating in a research report on Monday, August 21st. October 23 investment analysts at Loop Capital held the company rating at "Buy" projecting a price of $124.00. Seaport Global downgraded the shares of KSU in report on Monday, January 23 to "Neutral" rating. The stock now has a consensus rating of "Buy" and a consensus price target of $113.06. Koch Industries Inc. purchased a new stake in shares of Kansas City Southern during the second quarter worth about $306,000. 628,863 shares of the stock traded hands, compared to its average volume of 1,248,732. The P/E ratio is 20.14 and market cap is 10.62B.
The dividend yield for the company is hovering around 1.38% while the pay out ratio is now at 25.90%.
Kansas City Southern (NYSE:KSU) traded up 0.33% during midday trading on Wednesday, hitting $84.54. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03.
Kansas City Southern (KCS) is a transportation holding company with domestic and worldwide 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 had revenue of $653.00 million during the quarter, compared to analyst estimates of $651.95 million.
WARNING: "Kansas City Southern (NYSE:KSU) Shares Sold by Gluskin Sheff & Assoc Inc." was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, December 28th. The Company's subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, S.A.de C.V. (KCSM). Schwab Charles Mgmt holds 0.04% of its portfolio in Kansas City Southern (NYSE:KSU) for 355,972 shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued. If you are accessing this article on another publication, it was illegally copied and republished in violation of worldwide copyright and trademark law. Kansas City Southern (KSU) has declined 0.27% since November 16, 2016 and is downtrending.