Dividend Increases, Leadership Promotions, Portfolio Acquisitions, and Earnings Results - Analyst Notes on Union Pacific, KCS, Trinity, Wabtec and Genesee & Wyoming
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NEW YORK, May 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Union Pacific Corporation (NYSE: UNP), Kansas City Southern (NYSE: KSU), Trinity Industries Inc. (NYSE: TRN), Westinghouse Air Brake Technologies Corporation (NYSE: WAB) and Genesee & Wyoming Inc. (NYSE: GWR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2727-100free.
Union Pacific Corporation Analyst Notes
On May 15, 2014, Union Pacific Corp. (Union Pacific) announced that its Board of Directors has voted and authorized a two-for-one stock split, distributed as a stock dividend. The Company informed that its shareholders of record on May 27, 2014, will receive one additional share of Union Pacific common stock for each common share they hold on June 6, 2014. Further, the Board has also declared a quarterly dividend in the amount of $0.91 per share (45.5 cents per share post-split) on its common stock. Union Pacific informed that the cash dividend is payable on July 1, 2014 to shareholders of record on June 16, 2014. Union Pacific also announced that its Board has given approval of an additional $150.0 million in capital expenditures this year, bringing the total 2014 capital spending plan to $4.1 billion. According to the Company, this additional capital expenditure will be used for equipment acquisition, and additional capacity investments. The full analyst notes on Union Pacific are available to download free of charge at:
http://www.analystsreview.com/2727-UNP-21May2014.pdf
Kansas City Southern Analyst Notes
On May 8, 2014, The Kansas City Southern (KCS) reported that its wholly owned subsidiary - the Kansas City Southern Railway Company (KCSR) - has promoted Suzanne M. Grafton from her role of Assistant Vice President to Vice President Accounting, while T. Scot Stottlemyre has been promoted from his role as the Assistant Vice President Capital Accounting to Vice President International Tax. The Company stated that both Vice Presidents will report to Mary K. Stadler, KCSR Senior Vice President and Chief Accounting Officer. The Company informed that Ms. Grafton joined KCSR in 2006 as Director external reporting while Mr. Stottlemyre joined KCSR in 2006 as tax manager. "Scot and Suzie have each consistently demonstrated strong leadership and effective execution, and I am confident that they will continue to work with their teams to deliver outstanding results in their new roles," said Ms. Stadler. The full analyst notes on KCS are available to download free of charge at:
http://www.analystsreview.com/2727-KSU-21May2014.pdf
Trinity Industries Inc. Analyst Notes
On May 12, 2014, Trinity Industries, Inc. (Trinity) announced that TRIP Rail Holdings LLC's (TRIP) subsidiary has acquired a $388 million portfolio of existing leased railcars from Trinity's business segment - Trinity Industries Leasing Company. According to the Company, TRIP's purchase of the $388 million portfolio leased railcars was financed with the issuance of $336 million of long-term, asset-backed debt and $73 million of previously committed equity capital. The Company informed that the transaction is expected to generate capital of approximately $370 million for Trinity, after committing its share of equity capital and the payment of associated transaction costs. The full analyst notes on Trinity are available to download free of charge at:
http://www.analystsreview.com/2727-TRN-21May2014.pdf
Westinghouse Air Brake Technologies Corporation Analyst Notes
On May 14, 2014, Westinghouse Air Brake Technologies Corporation (Wabtec) announced that its Board of Directors has approved to increase its regular quarterly dividend from $0.04 to $0.06 per share. The Company informed that the new dividend rate will be payable initially on August 29, 2014 to shareholders of record on August 15, 2014. Albert J. Neupaver, Wabtec's Chairman and CEO, said, "Our current financial performance and future outlook provides ample financial strength to invest in growth opportunities and to return a greater portion of our cash flow to shareholders. We intend to continue to review our policies periodically based on Wabtec's ongoing performance and growth prospects." Further, at the Company's annual meeting on the same day, Wabtec announced the election of three directors namely, Emilio A. Fernandez, Lee B. Foster II and Gary C. Valade. The Company informed that at the meeting, shareholders also ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for FY 2014. The full analyst notes on Wabtec are available to download free of charge at:
http://www.analystsreview.com/2727-WAB-21May2014.pdf
Genesee & Wyoming Inc. Analyst Notes
On May 1, 2014, Genesee & Wyoming Inc. (Genesee & Wyoming) reported Q1 2014 financial results with total operating revenues of $376.3 million, up 0.4% YoY. Income from operations decreased 1.7% YoY to $74.9 million. Net income stood at $40.0 million or $0.70 per diluted share versus $80.4 million or $1.46 per diluted share in Q1 2013. Adjusted diluted EPS was $0.70, down 12.5% YoY. Jack Hellmann, President and CEO, commented, "G&W's financial results for the first quarter of 2014 were significantly impacted by extreme winter weather that disrupted several of our North American operations." The full analyst notes on Genesee & Wyoming are available to download free of charge at:
http://www.analystsreview.com/2727-GWR-21May2014.pdf
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