Kansas City Southern (KSU) Sees Strong Trading Volume
Shares of Kansas City Southern (NYSE:KSU) saw unusually-strong trading volume on Wednesday . Approximately 2,166,569 shares were traded during trading, an increase of 71% from the previous session’s volume of 1,264,706 shares.The stock last traded at $92.53 and had previously closed at $91.30.
A number of equities analysts recently commented on KSU shares. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Tuesday, April 26th. Credit Agricole SA started coverage on Kansas City Southern in a report on Thursday, May 19th. They issued an “underperform” rating and a $95.00 target price on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a report on Saturday, June 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $94.00 target price on shares of Kansas City Southern in a report on Thursday, July 7th. Finally, Cowen and Company raised their target price on Kansas City Southern from $88.00 to $99.00 and gave the stock a “market perform” rating in a report on Tuesday, April 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Kansas City Southern presently has an average rating of “Hold” and a consensus price target of $95.56.
The company has a 50-day moving average of $90.00 and a 200-day moving average of $84.66. The company has a market capitalization of $9.99 billion and a P/E ratio of 20.64.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Tuesday, April 19th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.06. During the same period in the previous year, the business posted $1.03 EPS. The company had revenue of $563 million for the quarter, compared to analysts’ expectations of $569.37 million. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts expect that Kansas City Southern will post $4.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Monday, June 13th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, June 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.43%.
In related news, Director Robert J. Druten sold 3,240 shares of the stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $89.94, for a total transaction of $291,405.60. Following the completion of the transaction, the director now owns 21,524 shares of the company’s stock, valued at approximately $1,935,868.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several institutional investors recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in Kansas City Southern by 4.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,324 shares of the company’s stock worth $1,144,000 after buying an additional 700 shares during the last quarter. ProShare Advisors LLC raised its stake in Kansas City Southern by 6.2% in the fourth quarter. ProShare Advisors LLC now owns 15,844 shares of the company’s stock worth $1,183,000 after buying an additional 929 shares during the period. Andra AP fonden raised its stake in Kansas City Southern by 147.9% in the fourth quarter. Andra AP fonden now owns 18,100 shares of the company’s stock worth $1,352,000 after buying an additional 10,800 shares during the period. Aberdeen Asset Management PLC UK raised its stake in Kansas City Southern by 26.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 21,225 shares of the company’s stock worth $1,829,000 after buying an additional 4,462 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Kansas City Southern by 111.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 29,371 shares of the company’s stock worth $2,193,000 after buying an additional 15,459 shares during the period.
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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