Kansas City Southern (KSU) : Coronation Asset Management (pty) Ltd. reduced its stake in Kansas City Southern by 1.52% during the most recent quarter end. The investment management company now holds a total of 761,492 shares of Kansas City Southern which is valued at $66,988,451 after selling 11,734 shares in Kansas City Southern , the firm said in a disclosure report filed with the SEC on May 9, 2016.Kansas City Southern makes up approximately 2.91% of Coronation Asset Management (pty) Ltd.’s portfolio.
Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in KSU in the latest quarter, The investment management firm added 370 additional shares and now holds a total of 11,266 shares of Kansas City Southern which is valued at $991,070. Kansas City Southern makes up approx 0.01% of Cibc Asset Management Inc’s portfolio. Parkside Financial Bank Trust added KSU to its portfolio by purchasing 28 company shares during the most recent quarter which is valued at $2,609.Retirement Systems Of Alabama reduced its stake in KSU by selling 949 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 55,647 shares of KSU which is valued at $5,272,553. Kansas City Southern makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio. Hall Laurie J Trustee added KSU to its portfolio by purchasing 80 company shares during the most recent quarter which is valued at $7,580.
Kansas City Southern closed down -2.21 points or -2.45% at $87.97 with 14,03,696 shares getting traded on Friday. Post opening the session at $90.08, the shares hit an intraday low of $87.27 and an intraday high of $91.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Kansas City Southern reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.97. The company had revenue of $563.00 million for the quarter, compared to analysts expectations of $563.19 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.
Many Wall Street Analysts have commented on Kansas City Southern. Kansas City Southern was Upgraded by BofA/Merrill to ” Buy” on Apr 20, 2016. Company shares were Reiterated by UBS on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 108 from a previous price target of $98 .Company shares were Reiterated by Cowen on Apr 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 99 from a previous price target of $88 .
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.