Kansas City Southern CEO David Starling Sells 5,655 Shares (KSU)
Kansas City Southern (NYSE:KSU) CEO David Starling unloaded 5,655 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $123.55, for a total transaction of $698,675.25. Following the completion of the transaction, the chief executive officer now directly owns 102,524 shares in the company, valued at approximately $12,666,840. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Kansas City Southern (NYSE:KSU) traded up 0.70% during mid-day trading on Tuesday, hitting $123.63. 458,252 shares of the company’s stock traded hands. Kansas City Southern has a 1-year low of $72.80 and a 1-year high of $118.88. The stock has a 50-day moving average of $107.9 and a 200-day moving average of $108.6. The company has a market cap of $13.625 billion and a P/E ratio of 41.12.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.12 by $0.02. The company had revenue of $622.00 million for the quarter, compared to the consensus estimate of $628.40 million. During the same quarter last year, the company posted $0.82 earnings per share. Kansas City Southern’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that Kansas City Southern will post $4.08 EPS for the current fiscal year.
KSU has been the subject of a number of recent research reports. Analysts at Jefferson Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kansas City Southern in a research note to investors on Tuesday, October 22nd. They now have a $124.00 price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Kansas City Southern from a “focus list” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $112.92.
Kansas City Southern (NYSE:KSU) is a transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with industrial cities in Mexico.
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