Kansas City Southern (NYSE:KSU) Shares Sold by NGAM Advisors L.P.

NGAM Advisors L.P. decreased its stake in Kansas City Southern (NYSE:KSU) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 22,952 shares of the transportation company’s stock after selling 1,664 shares during the period. NGAM Advisors L.P.’s holdings in Kansas City Southern were worth $2,402,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its position in shares of Kansas City Southern by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 91,933 shares of the transportation company’s stock valued at $7,884,000 after buying an additional 2,039 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Kansas City Southern by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 33,641 shares of the transportation company’s stock valued at $2,885,000 after buying an additional 500 shares during the period. Atria Investments LLC boosted its position in shares of Kansas City Southern by 128.7% in the first quarter. Atria Investments LLC now owns 5,515 shares of the transportation company’s stock valued at $473,000 after buying an additional 3,104 shares during the period. BLB&B Advisors LLC purchased a new position in shares of Kansas City Southern during the first quarter valued at about $201,000. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Kansas City Southern by 101.7% in the first quarter. SeaBridge Investment Advisors LLC now owns 76,285 shares of the transportation company’s stock valued at $6,542,000 after buying an additional 38,462 shares during the period. Hedge funds and other institutional investors own 85.92% of the company’s stock.

Kansas City Southern (NYSE KSU) opened at 102.97 on Friday. The stock’s 50 day moving average price is $103.56 and its 200-day moving average price is $93.31. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 20.72 and a beta of 0.80. Kansas City Southern has a one year low of $79.05 and a one year high of $106.35.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. During the same period in the prior year, the business posted $1.22 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Kansas City Southern will post $5.21 earnings per share for the current fiscal year.

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KSU has been the topic of several research analyst reports. 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 research note on Monday, April 24th. Citigroup Inc. reduced their price objective on Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. Stifel Nicolaus reduced their price objective on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, April 26th. BMO Capital Markets restated a “hold” rating and set a $92.00 price objective on shares of Kansas City Southern in a research note on Wednesday, May 24th. Finally, Credit Suisse Group restated a “neutral” rating and set a $90.00 price objective (up from $87.00) on shares of Kansas City Southern in a research note on Sunday, May 28th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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