First American Trust Fsb buys $2.9 Million stake in Kansas City Southern (KSU)

Kansas City Southern (KSU) : First American Trust Fsb scooped up 8,730 additional shares in Kansas City Southern during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 33,458 shares of Kansas City Southern which is valued at $2.9 Million.Kansas City Southern makes up approximately 1.04% of First American Trust Fsb’s portfolio.

On the company’s financial health, Kansas City Southern reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jan 22, 2016. Analyst had a consensus of $1.10. The company had revenue of $598.00 million for the quarter, compared to analysts expectations of $598.10 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Kansas City Southern. Company shares were Reiterated by Topeka Capital Markets on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 98 from a previous price target of $97 .Company shares were Reiterated by Cowen on Mar 2, 2016 to “Market Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $76 .Kansas City Southern was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 23, 2016.

Kansas City Southern opened for trading at $88.04 and hit $90 on the upside on Monday, eventually ending the session at $87.96, with a gain of 0.10% or 0.09 points. The heightened volatility saw the trading volume jump to 16,85,921 shares. Company has a market cap of $9,544 M.

Kansas City Southern (KCS) is a transportation holding company with 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 rail network includes The Kansas City Southern Railway Company (KCSR) which 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 several key ports along the Gulf of Mexico in Alabama Louisiana Mississippi and Texas; Kansas City Southern de Mexico S.A. de C.V. (KCSM) which serves Mexico’s principal industrial cities and three of its major seaports and Mexrail Inc. (Mexrail) which owns The Texas Mexican Railway Company (Tex-Mex) which connects the operations of KCSR with KCSM.

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