Kansas City Southern (NYSE:KSU) Director Antonio O. Garza sold 4,018 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the sale, the director now owns 4,920 shares of the company’s stock, valued at $531,064.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Kansas City Southern (KSU) opened at 104.37 on Friday. The firm’s 50 day moving average is $104.33 and its 200-day moving average is $94.72. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 21.00 and a beta of 0.80. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $109.13.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.07. The company had revenue of $656.40 million during the quarter, compared to analyst estimates of $627.81 million. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. Kansas City Southern’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 EPS. Equities research analysts predict that Kansas City Southern will post $5.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Monday, September 11th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, September 8th. This is a positive change from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s payout ratio is 26.51%.
Kansas City Southern announced that its Board of Directors has approved a share buyback plan on Tuesday, August 15th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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KSU has been the subject of several recent analyst reports. BMO Capital Markets restated a “hold” rating and set a $92.00 target price on shares of Kansas City Southern in a research note on Wednesday, May 24th. BidaskClub cut shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Credit Suisse Group raised shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $116.00 in a research report on Friday, June 16th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Thursday. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Kansas City Southern in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern presently has an average rating of “Buy” and a consensus target price of $105.73.
A number of hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC raised its stake in shares of Kansas City Southern by 243.9% in the second quarter. IHT Wealth Management LLC now owns 141 shares of the transportation company’s stock worth $675,000 after buying an additional 100 shares during the period. WFG Advisors LP increased its position 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 period. QS Investors LLC increased its position 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 period. Financial Architects Inc increased its position 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 period. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Kansas City Southern during the second quarter worth $160,000. Institutional investors and hedge funds own 85.05% of the company’s stock.
About Kansas City Southern
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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