Kansas City Southern (KSU) Now Covered by Seaport Global Securities
Investment analysts at Seaport Global Securities began coverage on shares of Kansas City Southern (NYSE:KSU) in a research report issued to clients and investors on Wednesday. The brokerage set an “accumulate” rating on the stock.
A number of other equities research analysts have also recently issued reports on KSU. Zacks Investment Research cut Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Citigroup Inc. restated a “buy” rating and set a $108.00 price objective on shares of Kansas City Southern in a research note on Wednesday, July 6th. BMO Capital Markets restated a “market perform” rating and set a $94.00 price objective on shares of Kansas City Southern in a research note on Thursday, July 7th. Bank of America Corp. restated a “buy” rating on shares of Kansas City Southern in a research note on Tuesday, July 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of Kansas City Southern from $109.00 to $114.00 and gave the company an “outperform” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $100.92.
Kansas City Southern (NYSE:KSU) opened at 92.58 on Wednesday. Kansas City Southern has a 12-month low of $62.20 and a 12-month high of $100.69. The firm has a 50-day moving average of $93.17 and a 200-day moving average of $92.96. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 20.15 and a beta of 1.14.
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Kansas City Southern (NYSE:KSU) last posted its earnings results on Tuesday, October 18th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by $0.10. The company earned $605 million during the quarter, compared to the consensus estimate of $411.30 million. Kansas City Southern had a net margin of 21.13% and a return on equity of 12.00%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. Equities research analysts forecast that Kansas City Southern will post $4.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.32 annualized dividend and a yield of 1.43%. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.82%.
In other Kansas City Southern news, CFO Michael W. Upchurch sold 5,367 shares of the firm’s 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 sale, the chief financial officer now directly owns 16,808 shares in the company, valued at $1,599,785.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of the firm’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 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. 0.86% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. HBK Investments L P acquired a new position in Kansas City Southern during the first quarter valued at about $1,315,000. Newbrook Capital Advisors LP acquired a new position in Kansas City Southern during the first quarter valued at about $15,024,000. Geode Capital Management LLC raised its position in Kansas City Southern by 1.9% in the first quarter. Geode Capital Management LLC now owns 889,091 shares of the company’s stock valued at $75,820,000 after buying an additional 16,716 shares during the last quarter. Cleararc Capital Inc. acquired a new position in Kansas City Southern during the first quarter valued at about $226,000. Finally, Pictet Asset Management Ltd. raised its position in Kansas City Southern by 3.6% in the first quarter. Pictet Asset Management Ltd. now owns 60,023 shares of the company’s stock valued at $4,904,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 91.30% 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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