Kansas City Southern (KSU) Director Henry J. Maier Buys 3,000 Shares
Kansas City Southern (NYSE:KSU) Director Henry J. Maier acquired 3,000 shares of the stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $106.19 per share, for a total transaction of $318,570.00. Following the acquisition, the director now directly owns 4,159 shares in the company, valued at approximately $441,644.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Kansas City Southern (KSU) traded down 0.07% on Friday, hitting $105.80. The company had a trading volume of 944,875 shares. The stock has a market cap of $11.15 billion, a PE ratio of 21.29 and a beta of 0.80. The company has a 50-day moving average of $103.97 and a 200 day moving average of $93.85. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.07. The firm had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $627.81 million. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $1.22 earnings per share. Analysts anticipate that Kansas City Southern will post $5.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Monday, September 11th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.36%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is presently 26.51%.
Kansas City Southern announced that its Board of Directors has authorized a share buyback program on Tuesday, August 15th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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A number of equities research analysts have weighed in on the company. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday. Stifel Nicolaus lifted their price objective on Kansas City Southern from $114.00 to $118.00 and gave the company a “buy” rating in a report on Friday. Cowen and Company reaffirmed a “market perform” rating and issued a $104.00 price objective (up previously from $95.00) on shares of Kansas City Southern in a report on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating and set a $92.00 price target on shares of Kansas City Southern in a research report on Wednesday, May 24th. Finally, Aegis lifted their price target on shares of Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $103.33.
A number of hedge funds have recently modified their holdings of the company. WFG Advisors LP boosted its stake in shares of Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after buying an additional 302 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock worth $131,000 after buying an additional 1,115 shares during the last quarter. QS Investors LLC boosted its stake in shares of Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Kansas City Southern during the second quarter worth $160,000. Finally, V Wealth Management LLC acquired a new stake in shares of Kansas City Southern during the second quarter worth $169,000. Hedge funds and other institutional investors own 85.05% of the company’s stock.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has 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’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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