Investors Buy Shares of Kansas City Southern (KSU) on Weakness
Investors bought shares of Kansas City Southern (NYSE:KSU) on weakness during trading 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 stocks 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
A number of research firms recently commented on KSU. Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Kansas City Southern in a report on Monday, August 15th. 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 objective on the stock. Zacks Investment Research downgraded shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. TheStreet raised shares of Kansas City Southern from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $107.00 price objective (up previously 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 issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Kansas City Southern currently has an average rating of “Hold” and an average target price of $100.02.
The stock has a market capitalization of $10.34 billion and a price-to-earnings ratio of 20.84. The firm’s 50-day moving average price is $97.08 and its 200-day moving average price is $91.00.
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 Zacks’ consensus estimate of $1.08 by $0.14. The firm earned $569 million during the quarter, compared to analyst estimates of $572.20 million. On average, equities research analysts forecast that Kansas City Southern will post $4.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Monday, September 12th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.38%.
In related news, CFO Michael W. Upchurch sold 5,367 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $95.18, for a total value of $510,831.06. Following the completion of the transaction, the chief financial officer now owns 16,808 shares in the company, valued at approximately $1,599,785.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William J. Wochner sold 26,521 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total transaction of $2,607,544.72. The disclosure for this sale can be found here.
An institutional investor recently raised its position 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 Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent 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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