Kansas City Southern (KSU) Shares Gap Down to $111.50
Kansas City Southern (NYSE:KSU) shares gapped down prior to trading on Friday . The stock had previously closed at $114.32, but opened at $111.50. Kansas City Southern shares last traded at $110.00, with a volume of 2260195 shares trading hands.
Several brokerages have weighed in on KSU. Zacks Investment Research downgraded Kansas City Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $88.00 target price (down from $93.00) on shares of Kansas City Southern in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price on shares of Kansas City Southern in a research note on Thursday, September 21st. Citigroup reiterated a “buy” rating and issued a $123.00 target price (up from $116.00) on shares of Kansas City Southern in a research note on Wednesday, October 4th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $109.00 target price on shares of Kansas City Southern in a research note on Friday, November 24th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and a consensus target price of $113.81.
The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $11,390.00, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.02. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The firm had revenue of $660.40 million for the quarter, compared to the consensus estimate of $658.33 million. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. equities research analysts expect that Kansas City Southern will post 5.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 29th were paid a $0.36 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.31%. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.29%.
In related news, SVP Mary K. Stadler sold 1,973 shares of Kansas City Southern stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total value of $205,014.43. Following the sale, the senior vice president now directly owns 6,102 shares in the company, valued at $634,058.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey M. Songer sold 3,000 shares of Kansas City Southern stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $111.80, for a total value of $335,400.00. The disclosure for this sale can be found here. 0.95% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of KSU. Howe & Rusling Inc. purchased a new stake in Kansas City Southern during the third quarter worth $130,000. QS Investors LLC boosted its position in Kansas City Southern by 0.5% during the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after purchasing an additional 7 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Kansas City Southern during the second quarter worth $160,000. Steward Partners Investment Advisory LLC purchased a new stake in Kansas City Southern during the third quarter worth $160,000. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in Kansas City Southern during the second quarter worth $210,000. Institutional investors own 83.57% 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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