Kansas City Southern (NYSE:KSU) insider Delano Jose Guillermo Zozaya sold 6,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $102.93, for a total transaction of $617,580.00. Following the transaction, the insider now directly owns 42,087 shares of the company’s stock, valued at $4,332,014.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Kansas City Southern (KSU) traded down 0.66% on Wednesday, reaching $105.42. 122,151 shares of the company were exchanged. The company’s 50-day moving average is $104.11 and its 200-day moving average is $96.09. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $109.13. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 21.22 and a beta of 0.79.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the 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 return on equity of 11.40% and a net margin of 21.52%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. On average, equities analysts expect that Kansas City Southern will post $5.20 EPS for the current fiscal year.
Kansas City Southern announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Monday, September 11th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, September 8th. 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. Kansas City Southern’s payout ratio is currently 28.92%.
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Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Kansas City Southern by 4,542.5% during the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock worth $892,591,000 after purchasing an additional 10,183,801 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Kansas City Southern by 2.5% during the second quarter. Vanguard Group Inc. now owns 10,363,571 shares of the transportation company’s stock worth $1,084,547,000 after purchasing an additional 253,631 shares during the last quarter. State Street Corp raised its stake in shares of Kansas City Southern by 3.3% during the first quarter. State Street Corp now owns 4,658,164 shares of the transportation company’s stock worth $399,479,000 after purchasing an additional 146,836 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Kansas City Southern by 588.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock worth $369,943,000 after purchasing an additional 3,687,248 shares during the last quarter. Finally, Sustainable Growth Advisers LP raised its stake in shares of Kansas City Southern by 19.7% during the second quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock worth $261,708,000 after purchasing an additional 412,275 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.
Several research firms have issued reports on KSU. Zacks Investment Research cut shares of Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets reiterated a “market perform” rating and issued a $105.00 target price (up from $98.00) on shares of Kansas City Southern in a research note on Tuesday, July 25th. Bank of America Corporation increased their price target on shares of Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. BidaskClub raised shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Finally, Cowen and Company reissued a “hold” rating on shares of Kansas City Southern in a report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $105.53.
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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