Kansas City Southern (NYSE:KSU) COO Jeffrey M. Songer sold 3,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $111.80, for a total transaction of $335,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Kansas City Southern (NYSE KSU) traded up $0.15 on Friday, reaching $111.74. 802,259 shares of the company’s stock were exchanged, compared to its average volume of 863,930. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53. Kansas City Southern has a twelve month low of $79.05 and a twelve month high of $114.85. The stock has a market cap of $11,554.38, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.86.
Kansas City Southern (NYSE:KSU) last released its earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The business had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. During the same period last year, the company posted $1.12 EPS. The business’s revenue was up 8.0% on a year-over-year basis. sell-side analysts forecast that Kansas City Southern will post 5.22 EPS for the current year.
Kansas City Southern declared that its board has authorized a share buyback program on Tuesday, August 15th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 28th. Kansas City Southern’s dividend payout ratio (DPR) is 28.29%.
A number of brokerages recently weighed in on KSU. BidaskClub raised shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 price target on shares of Kansas City Southern in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $109.00 price target on shares of Kansas City Southern in a research note on Monday, October 23rd. Citigroup reaffirmed a “buy” rating and issued a $123.00 price target (up from $116.00) on shares of Kansas City Southern in a research note on Wednesday, October 4th. Finally, Cowen raised their price target on shares of Kansas City Southern from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Kansas City Southern has a consensus rating of “Buy” and a consensus target price of $113.06.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Kansas City Southern by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,363,571 shares of the transportation company’s stock worth $1,084,547,000 after buying an additional 253,631 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Kansas City Southern by 19.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock worth $261,708,000 after buying an additional 412,275 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Kansas City Southern by 0.7% during the 3rd quarter. Wells Fargo & Company MN now owns 2,404,732 shares of the transportation company’s stock worth $261,346,000 after buying an additional 16,177 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Kansas City Southern by 13.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,659,583 shares of the transportation company’s stock worth $173,674,000 after buying an additional 192,835 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Kansas City Southern by 16.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,466,587 shares of the transportation company’s stock worth $153,426,000 after buying an additional 211,518 shares during the last quarter. 83.62% of the stock is currently owned by institutional investors and hedge funds.
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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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