Vertical Research Begins Coverage on Kansas City Southern (KSU)
Equities researchers at Vertical Research initiated coverage on shares of Kansas City Southern (NYSE:KSU) in a report issued on Tuesday, The Fly reports. The firm set a “hold” rating on the stock.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Kansas City Southern from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Barclays PLC raised Kansas City Southern from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $94.00 to $99.00 in a research report on Monday, September 12th. Oppenheimer Holdings Inc. assumed coverage on Kansas City Southern in a research report on Wednesday, June 15th. They set an “outperform” rating and a $87.32 price target on the stock. Citigroup Inc. reissued a “buy” rating and set a $108.00 price target on shares of Kansas City Southern in a research report on Wednesday, July 6th. Finally, Loop Capital reissued a “buy” rating and set a $113.00 price target (down previously from $115.00) on shares of Kansas City Southern in a research report on Wednesday, October 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $100.92.
Kansas City Southern (NYSE:KSU) traded up 2.29% during trading on Tuesday, hitting $96.07. The company had a trading volume of 629,320 shares. Kansas City Southern has a one year low of $62.20 and a one year high of $100.69. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 20.91 and a beta of 1.14. The stock has a 50-day moving average of $94.03 and a 200 day moving average of $92.64.
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Kansas City Southern (NYSE:KSU) last announced its quarterly 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. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. Equities analysts forecast that Kansas City Southern will post $4.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, September 8th. Kansas City Southern’s payout ratio is presently 28.82%.
In other Kansas City Southern news, CFO Michael W. Upchurch sold 5,367 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $95.18, for a total transaction of $510,831.06. Following the completion of the sale, the chief financial officer now directly owns 16,808 shares in the company, valued at $1,599,785.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 90,228 shares of the company’s stock, valued at $8,627,601.36. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Seven Bridges Advisors LLC boosted its position in shares of Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the company’s stock worth $108,000 after buying an additional 277 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Kansas City Southern by 57.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,425 shares of the company’s stock worth $128,000 after buying an additional 522 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Kansas City Southern by 1,065.2% in the second quarter. Meeder Asset Management Inc. now owns 1,538 shares of the company’s stock worth $138,000 after buying an additional 1,406 shares during the last quarter. Washington Trust Bank boosted its position in shares of Kansas City Southern by 3.2% in the third quarter. Washington Trust Bank now owns 1,651 shares of the company’s stock worth $154,000 after buying an additional 51 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Kansas City Southern by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,160 shares of the company’s stock worth $195,000 after buying an additional 171 shares during the last quarter. Institutional investors own 91.32% of the company’s stock.
Kansas City Southern Company Profile
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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