Kansas City Southern (KSU) Given Market Perform Rating at BMO Capital Markets
Several other equities analysts have also weighed in on the company. Oppenheimer Holdings Inc. started coverage on Kansas City Southern in a research note on Wednesday, June 15th. They issued an outperform rating and a $87.32 target price on the stock. Citigroup Inc. reissued a buy rating and issued a $108.00 target price on shares of Kansas City Southern in a research note on Saturday, June 18th. Zacks Investment Research lowered Kansas City Southern from a hold rating to a sell rating in a research note on Tuesday, June 21st. Bank of America Corp. reissued a buy rating on shares of Kansas City Southern in a research note on Tuesday, July 12th. Finally, Royal Bank Of Canada increased their target price on Kansas City Southern from $109.00 to $114.00 and gave the company an outperform rating in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $100.92.
Shares of Kansas City Southern (NYSE:KSU) traded up 0.68% during midday trading on Tuesday, hitting $92.73. The stock had a trading volume of 153,183 shares. Kansas City Southern has a one year low of $62.20 and a one year high of $100.69. The firm’s 50-day moving average is $94.57 and its 200 day moving average is $92.42. The company has a market capitalization of $10.01 billion, a PE ratio of 20.18 and a beta of 1.14.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. The business had revenue of $569 million for the quarter, compared to analyst estimates of $572.20 million. Equities analysts expect that Kansas City Southern will post $4.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Monday, September 12th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.43%. Kansas City Southern’s dividend payout ratio is currently 28.82%.
In other Kansas City Southern news, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $98.32, for a total transaction of $2,607,544.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of Kansas City Southern stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $95.62, for a total value of $478,100.00. Following the transaction, the chief executive officer now directly owns 90,228 shares in the company, valued at $8,627,601.36. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Investment House LLC increased its position in shares of Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock valued at $232,000 after buying an additional 22 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Kansas City Southern by 0.4% in the second quarter. Capstone Asset Management Co. now owns 7,827 shares of the company’s stock valued at $705,000 after buying an additional 30 shares during the last quarter. Washington Trust Bank increased its position in shares of Kansas City Southern by 3.2% in the third quarter. Washington Trust Bank now owns 1,651 shares of the company’s stock valued at $154,000 after buying an additional 51 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Kansas City Southern by 2.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,257 shares of the company’s stock valued at $293,000 after buying an additional 63 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Kansas City Southern by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,316 shares of the company’s stock valued at $1,110,000 after buying an additional 83 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-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 several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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