Kansas City Southern (NYSE:KSU) EVP Brian D. Hancock sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $192.16, for a total transaction of $576,480.00. Following the completion of the sale, the executive vice president now owns 17,595 shares of the company’s stock, valued at approximately $3,381,055.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
KSU stock opened at $188.45 on Friday. The firm’s fifty day simple moving average is $182.69 and its 200-day simple moving average is $167.54. The company has a market capitalization of $17.64 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.29 and a quick ratio of 2.02. Kansas City Southern has a 12 month low of $92.86 and a 12 month high of $200.00.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 16th. The transportation company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. The business had revenue of $659.60 million for the quarter, compared to the consensus estimate of $662.68 million. Kansas City Southern had a net margin of 21.68% and a return on equity of 13.91%. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. As a group, sell-side analysts forecast that Kansas City Southern will post 7.04 earnings per share for the current year.
KSU has been the subject of several recent research reports. Barclays boosted their price target on shares of Kansas City Southern from $150.00 to $175.00 in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kansas City Southern from $170.00 to $182.00 and gave the stock a “hold” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. upgraded shares of Kansas City Southern from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $142.00 to $169.00 in a research note on Monday, August 3rd. Morgan Stanley boosted their price objective on shares of Kansas City Southern from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Finally, Raymond James boosted their price objective on shares of Kansas City Southern from $183.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Kansas City Southern currently has a consensus rating of “Hold” and an average target price of $174.52.
Hedge funds have recently added to or reduced their stakes in the company. GWM Advisors LLC boosted its holdings in shares of Kansas City Southern by 6.7% in the 3rd quarter. GWM Advisors LLC now owns 2,234 shares of the transportation company’s stock valued at $404,000 after acquiring an additional 140 shares during the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Kansas City Southern by 11.9% during the second quarter. Mesirow Financial Investment Management Equity Management now owns 8,560 shares of the transportation company’s stock worth $1,278,000 after acquiring an additional 910 shares during the period. Verition Fund Management LLC acquired a new position in Kansas City Southern during the second quarter worth $2,512,000. Marshall Wace North America L.P. acquired a new position in Kansas City Southern during the second quarter worth $1,647,000. Finally, IBM Retirement Fund raised its position in Kansas City Southern by 39.0% during the third quarter. IBM Retirement Fund now owns 3,081 shares of the transportation company’s stock worth $557,000 after acquiring an additional 865 shares during the period. 88.72% of the stock is currently owned by institutional investors and hedge funds.
About Kansas City Southern
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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