Kansas City Southern (KSU) Scheduled to Post Earnings on Tuesday
Kansas City Southern (NYSE:KSU) is scheduled to issue its Q316 quarterly earnings data on Tuesday, October 18th.
Shares of Kansas City Southern (NYSE:KSU) opened at 94.55 on Monday. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69. The company’s 50-day moving average is $93.47 and its 200-day moving average is $92.75. The stock has a market cap of $10.21 billion, a P/E ratio of 20.58 and a beta of 1.14.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Monday, September 12th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is 28.82%.
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Several research firms have recently weighed in on KSU. Vertical Research began coverage on shares of Kansas City Southern in a report on Tuesday, October 11th. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Loop Capital reaffirmed a “buy” rating and set a $113.00 target price (down from $115.00) on shares of Kansas City Southern in a report on Wednesday, October 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a $98.00 target price on shares of Kansas City Southern in a report on Tuesday, October 4th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $101.00 target price on shares of Kansas City Southern in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Kansas City Southern presently has an average rating of “Hold” and a consensus target price of $100.92.
In other news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $95.62, for a total transaction of $478,100.00. Following the completion of the transaction, the chief executive officer now directly owns 90,228 shares of the company’s stock, valued at $8,627,601.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David L. Starling sold 5,100 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $98.88, for a total value of $504,288.00. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Investment Management LLC increased its position in shares of Kansas City Southern by 0.5% in the second quarter. BlackRock Investment Management LLC now owns 320,221 shares of the company’s stock worth $28,849,000 after buying an additional 1,453 shares during the period. BlackRock Inc. increased its position in shares of Kansas City Southern by 10.9% in the second quarter. BlackRock Inc. now owns 253,808 shares of the company’s stock worth $22,865,000 after buying an additional 24,971 shares during the period. BlackRock Group LTD increased its position in shares of Kansas City Southern by 5.9% in the second quarter. BlackRock Group LTD now owns 1,201,228 shares of the company’s stock worth $108,219,000 after buying an additional 66,620 shares during the period. Segall Bryant & Hamill LLC increased its position in shares of Kansas City Southern by 408.0% in the second quarter. Segall Bryant & Hamill LLC now owns 16,001 shares of the company’s stock worth $1,442,000 after buying an additional 12,851 shares during the period. Finally, Advantus Capital Management Inc increased its position in shares of Kansas City Southern by 1.0% in the second quarter. Advantus Capital Management Inc now owns 10,509 shares of the company’s stock worth $947,000 after buying an additional 102 shares during the period. 91.32% of the stock is owned by institutional investors and hedge funds.
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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