Kansas City Southern (KSU) Receives New Coverage from Analysts at Seaport Global Securities
Stock 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 firm set an “accumulate” rating on the stock.
Several other analysts also recently commented on the stock. Bank of America Corp. reissued a “buy” rating on shares of Kansas City Southern in a research report on Tuesday, July 12th. Citigroup Inc. reissued a “buy” rating and set a $108.00 price objective on shares of Kansas City Southern in a research report on Wednesday, July 6th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Wednesday, August 3rd. Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Kansas City Southern in a research report on Monday, August 15th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $98.00 price objective on shares of Kansas City Southern in a research report on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $100.92.
Shares of Kansas City Southern (NYSE:KSU) opened at 92.58 on Wednesday. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 20.15 and a beta of 1.14. Kansas City Southern has a 52-week low of $62.20 and a 52-week high of $100.69. The stock has a 50 day moving average of $93.17 and a 200 day moving average of $92.96.
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Kansas City Southern (NYSE:KSU) last released its earnings results on Tuesday, October 18th. The company reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.10. The business earned $605 million during the quarter, compared to analysts’ expectations of $411.30 million. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 earnings per share. On average, equities research analysts expect that Kansas City Southern will post $4.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Monday, September 12th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is 28.82%.
In related news, CFO Michael W. Upchurch sold 5,367 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was 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 directly owns 16,808 shares of the company’s stock, valued at approximately $1,599,785.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $95.62, for a total value of $478,100.00. Following the transaction, the chief executive officer now directly 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 owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Leonard Capital Management Inc purchased a new position in shares of Kansas City Southern during the fourth quarter worth about $2,987,000. Pillar Pacific Capital Management LLC raised its position in shares of Kansas City Southern by 0.3% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 36,806 shares of the company’s stock worth $2,748,000 after buying an additional 121 shares during the last quarter. Klingenstein Fields & Co. LLC raised its position in shares of Kansas City Southern by 1.1% in the fourth quarter. Klingenstein Fields & Co. LLC now owns 143,050 shares of the company’s stock worth $10,682,000 after buying an additional 1,570 shares during the last quarter. Cumberland Partners Ltd raised its position in shares of Kansas City Southern by 13.7% in the fourth quarter. Cumberland Partners Ltd now owns 16,975 shares of the company’s stock worth $1,268,000 after buying an additional 2,050 shares during the last quarter. Finally, Hosking Partners LLP raised its position in shares of Kansas City Southern by 1.3% in the fourth quarter. Hosking Partners LLP now owns 49,586 shares of the company’s stock worth $3,703,000 after buying an additional 654 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.
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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