Traders Buy Shares of Kansas City Southern (KSU) on Weakness
Traders bought shares of Kansas City Southern (NYSE:KSU) on weakness during trading hours on Friday. $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 companies tracked, Kansas City Southern had the 59th highest net in-flow for the day. Kansas City Southern traded down ($0.74) for the day and closed at $95.77
Several brokerages have weighed in on KSU. Loop Capital reaffirmed a “buy” rating and issued a $115.00 target price on shares of Kansas City Southern in a research report on Monday, August 15th. Atlantic Securities began coverage on Kansas City Southern in a research report on Thursday, August 11th. They issued a “neutral” rating and a $113.00 target price on the stock. Zacks Investment Research lowered Kansas City Southern from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. TheStreet raised Kansas City Southern from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $107.00 price target (up from $103.00) on shares of Kansas City Southern in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $100.02.
The firm has a market capitalization of $10.34 billion and a PE ratio of 20.84. The company has a 50 day moving average price of $97.08 and a 200 day moving average price of $91.00.
Kansas City Southern (NYSE:KSU) last released its earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $569 million for the quarter, compared to the consensus estimate of $572.20 million. Equities research analysts predict that Kansas City Southern will post $4.79 earnings per share for the current fiscal year.
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.38%.
In related news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the company’s stock in a transaction dated 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 owns 90,228 shares in the company, valued at $8,627,601.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William J. Wochner sold 26,521 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total value of $2,607,544.72. 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 shares of Kansas City Southern (NYSE:KSU) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,148 shares of the company’s stock after buying an additional 1,399 shares during the period. Principal Financial Group Inc. owned approximately 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.
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