Traders Buy Shares of Kansas City Southern (KSU) on Weakness
Investors bought shares of Kansas City Southern (NYSE:KSU) on weakness during trading on Monday. $25.13 million flowed into the stock on the tick-up and $18.83 million flowed out of the stock on the tick-down, for a money net flow of $6.30 million into the stock. Of all equities tracked, Kansas City Southern had the 29th highest net in-flow for the day. Kansas City Southern traded down ($0.74) for the day and closed at $95.77
A number of research firms recently weighed in on KSU. RBC Capital Markets reaffirmed an “outperform” rating and set a $114.00 price target (up from $109.00) on shares of Kansas City Southern in a report on Wednesday, July 20th. Barclays PLC raised their price target on shares of Kansas City Southern from $73.00 to $79.00 and gave the company an “underweight” rating in a report on Wednesday, July 20th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $101.00 price target (up from $99.00) on shares of Kansas City Southern in a report on Friday, July 22nd. Oppenheimer Holdings Inc. began coverage on shares of Kansas City Southern in a report on Wednesday, June 15th. They set an “outperform” rating and a $87.32 price target for the company. Finally, Atlantic Securities began coverage on shares of Kansas City Southern in a report on Thursday, August 11th. They set a “neutral” rating and a $113.00 price target for the company. Two 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. The company currently has a consensus rating of “Hold” and an average price target of $100.02.
The firm’s 50 day moving average is $97.08 and its 200 day moving average is $91.00. The stock has a market cap of $10.34 billion and a PE ratio of 20.84.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.14. The firm earned $569 million during the quarter, compared to the consensus estimate of $572.20 million. Analysts predict that Kansas City Southern will post $4.79 earnings per share for the current year.
The business also recently announced 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. This represents a $1.32 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, September 8th.
In related news, Director Robert J. Druten sold 3,240 shares of the business’s stock in a transaction 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 transaction, the director now owns 21,524 shares of the company’s stock, valued at $1,935,868.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of the business’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 directly 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. Principal Financial Group Inc. increased its position in 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 (SEC). 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 SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.