Kansas City Southern (KSU) Shares Up 2.6%
Kansas City Southern (NYSE:KSU) shot up 2.6% on Thursday . The company traded as high as $95.49 and last traded at $94.93, with a volume of 1,091,791 shares trading hands. The stock had previously closed at $92.53.
A number of brokerages have weighed in on KSU. JPMorgan Chase & Co. restated a “buy” rating on shares of Kansas City Southern in a research note on Saturday, April 23rd. Buckingham Research reaffirmed a “hold” rating on shares of Kansas City Southern in a report on Sunday, April 17th. Zacks Investment Research downgraded Kansas City Southern from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Susquehanna increased their target price on Kansas City Southern from $76.00 to $85.00 in a report on Wednesday, April 6th. Finally, Oppenheimer Holdings Inc. started coverage on Kansas City Southern in a report on Wednesday, June 15th. They set an “outperform” rating and a $87.32 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $95.56.
The stock has a market cap of $10.19 billion and a P/E ratio of 21.05. The stock’s 50-day moving average is $90.07 and its 200 day moving average is $84.89.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Tuesday, April 19th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The company earned $563 million during the quarter, compared to the consensus estimate of $569.37 million. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, equities analysts predict that Kansas City Southern will post $4.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Monday, June 13th were paid a $0.33 dividend. The ex-dividend date was Thursday, June 9th. This represents a $1.32 annualized dividend and a dividend yield of 1.40%.
In other news, Director Robert J. Druten sold 3,240 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $89.94, for a total value of $291,405.60. Following the sale, the director now directly owns 21,524 shares in the company, valued at approximately $1,935,868.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Other large investors recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Kansas City Southern by 72.0% in the fourth quarter. Morgan Stanley now owns 3,892,193 shares of the company’s stock valued at $290,630,000 after buying an additional 1,629,058 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in Kansas City Southern by 185.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 2,038,203 shares of the company’s stock valued at $152,193,000 after buying an additional 1,323,073 shares in the last quarter. Trilogy Global Advisors LP raised its stake in Kansas City Southern by 108.9% in the fourth quarter. Trilogy Global Advisors LP now owns 662,891 shares of the company’s stock valued at $49,497,000 after buying an additional 345,601 shares in the last quarter. Wells Fargo & Company MN raised its stake in Kansas City Southern by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,977,890 shares of the company’s stock valued at $222,359,000 after buying an additional 277,901 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Kansas City Southern by 27.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 857,030 shares of the company’s stock valued at $63,990,000 after buying an additional 183,408 shares in the last quarter.
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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