Kansas City Southern (KSU) Hits New 1-Year High at $100.69
Kansas City Southern (NYSE:KSU)’s share price reached a new 52-week high on Friday . The company traded as high as $100.69 and last traded at $99.64, with a volume of 350,278 shares traded. The stock had previously closed at $99.37.
KSU has been the topic of several recent analyst reports. Zacks Investment Research lowered Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Oppenheimer Holdings Inc. initiated coverage on Kansas City Southern in a research note on Wednesday, June 15th. They issued an “outperform” rating and a $87.32 price target on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $108.00 price target on shares of Kansas City Southern in a research note on Wednesday, July 6th. Bank of America Corp. reaffirmed a “buy” rating on shares of Kansas City Southern in a research note on Tuesday, July 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $94.00 price target on shares of Kansas City Southern in a research note on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kansas City Southern has an average rating of “Hold” and a consensus price target of $100.02.
The firm has a market cap of $10.74 billion and a price-to-earnings ratio of 21.65. The company’s 50-day moving average price is $96.40 and its 200-day moving average price is $90.43.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) 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. 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. Stockholders of record on Monday, September 12th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.32 annualized dividend and a dividend yield of 1.33%.
In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $95.62, for a total value of $478,100.00. Following the completion of the sale, the chief executive officer now directly owns 90,228 shares in the company, valued at $8,627,601.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David L. Starling sold 5,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $98.88, for a total value of $504,288.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Kansas City Southern stock. Principal Financial Group Inc. boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,148 shares of the company’s stock after buying an additional 1,399 shares during the period. Principal Financial Group Inc. owned about 0.14% of Kansas City Southern worth $11,361,000 as of its most recent filing with the SEC.
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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