Shell Asset Management Co. Decreases Stake in Kansas City Southern (KSU)
Shell Asset Management Co. reduced its stake in Kansas City Southern (NYSE:KSU) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 7,111 shares of the transportation company’s stock after selling 436 shares during the period. Shell Asset Management Co.’s holdings in Kansas City Southern were worth $744,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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. boosted 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 worth $182,985,000 after buying an additional 1,086,853 shares during the period. Sustainable Growth Advisers LP boosted 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 worth $179,111,000 after buying an additional 690,470 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Kansas City Southern during the first quarter worth $52,373,000. Institutional investors own 85.92% of the company’s stock.
Shares of Kansas City Southern (NYSE KSU) opened at 102.18 on Friday. The stock’s 50 day moving average is $103.52 and its 200-day moving average is $93.18. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $106.35. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 20.56 and a beta of 0.80.
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, topping analysts’ consensus estimates of $1.26 by $0.07. The firm had revenue of $656.40 million during the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. On average, analysts anticipate that Kansas City Southern will post $5.21 earnings per share for the current fiscal year.
A number of research analysts have weighed in on KSU shares. BMO Capital Markets reiterated a “hold” rating and set a $92.00 price objective on shares of Kansas City Southern in a research report on Wednesday, May 24th. Stifel Nicolaus cut their price objective on shares of Kansas City Southern from $101.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, April 26th. BidaskClub cut shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Credit Suisse Group upgraded shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $90.00 to $116.00 in a research report on Friday, June 16th. Finally, Cowen and Company reiterated a “market perform” rating and set a $104.00 price objective (up previously from $95.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $103.31.
About Kansas City Southern
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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