Kansas City Southern (KSU) Hits New 12-Month High at $100.69
Kansas City Southern (NYSE:KSU)’s share price hit a new 52-week high on Friday . The stock traded as high as $100.69 and last traded at $99.64, with a volume of 350,278 shares changing hands. The stock had previously closed at $99.37.
Several equities analysts recently weighed in on KSU shares. Citigroup Inc. increased their price objective on shares of Kansas City Southern from $108.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 20th. Bank of America Corp. reiterated a “buy” rating on shares of Kansas City Southern in a report on Tuesday, July 12th. TheStreet upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Wednesday, August 3rd. Finally, Loop Capital reiterated a “buy” rating and issued a $115.00 target price on shares of Kansas City Southern in a report on Monday, August 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $99.56.
The company has a market capitalization of $10.73 billion and a P/E ratio of 21.62. The stock has a 50 day moving average price of $96.07 and a 200-day moving average price of $90.27.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The business had revenue of $569 million for the quarter, compared to analyst estimates of $572.20 million. On average, equities analysts forecast that Kansas City Southern will post $4.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.32 annualized dividend and a yield of 1.33%.
In other Kansas City Southern news, SVP William J. Wochner sold 26,521 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total transaction of $2,607,544.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $95.62, for a total transaction of $478,100.00. Following the transaction, the chief executive officer now owns 90,228 shares in the company, valued at approximately $8,627,601.36. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Kansas City Southern stock. Dimensional Fund Advisors LP raised its stake in Kansas City Southern (NYSE:KSU) by 27.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 857,030 shares of the company’s stock after buying an additional 183,408 shares during the period. Dimensional Fund Advisors LP owned approximately 0.79% of Kansas City Southern worth $63,990,000 at the end of the most recent reporting 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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