SeaBridge Investment Advisors LLC cut its position in Kansas City Southern (NYSE:KSU) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 75,114 shares of the transportation company’s stock after selling 1,171 shares during the period. Kansas City Southern makes up about 1.9% of SeaBridge Investment Advisors LLC’s portfolio, making the stock its 8th largest position. SeaBridge Investment Advisors LLC owned 0.07% of Kansas City Southern worth $7,861,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in KSU. BlackRock Inc. raised its position in shares of Kansas City Southern by 4,542.5% in the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock valued at $892,591,000 after buying an additional 10,183,801 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Kansas City Southern by 588.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock valued at $369,943,000 after buying an additional 3,687,248 shares in the last quarter. Pioneer Investment Management Inc. raised its position in Kansas City Southern by 103.8% in the first quarter. Pioneer Investment Management Inc. now owns 2,133,685 shares of the transportation company’s stock valued at $182,985,000 after buying an additional 1,086,853 shares in the last quarter. Sustainable Growth Advisers LP raised its position in Kansas City Southern by 49.4% in the first quarter. Sustainable Growth Advisers LP now owns 2,088,516 shares of the transportation company’s stock valued at $179,111,000 after buying an additional 690,470 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Kansas City Southern during the first quarter valued at approximately $52,373,000. 85.92% of the stock is owned by institutional investors and hedge funds.
Shares of Kansas City Southern (NYSE KSU) opened at 102.97 on Friday. The stock has a market capitalization of $10.86 billion, a PE ratio of 20.72 and a beta of 0.80. The stock’s 50 day moving average is $103.56 and its 200 day moving average is $93.31. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $106.35.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ 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 net margin of 21.52% and a return on equity of 11.40%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share. Analysts anticipate that Kansas City Southern will post $5.21 EPS for the current fiscal year.
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A number of analysts have weighed in on KSU shares. BidaskClub upgraded Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Credit Suisse Group raised Kansas City Southern from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $90.00 to $116.00 in a report on Friday, June 16th. Cowen and Company raised their price objective on Kansas City Southern from $94.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price objective on shares of Kansas City Southern in a report on Friday, June 30th. Finally, UBS AG reissued a “positive” rating and set a $117.00 price target (up previously from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $102.67.
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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