TD Asset Management Inc. Reduces Position in Kansas City Southern (NYSE:KSU)
TD Asset Management Inc. cut its position in shares of Kansas City Southern (NYSE:KSU) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 133,906 shares of the transportation company’s stock after selling 2,285 shares during the period. TD Asset Management Inc.’s holdings in Kansas City Southern were worth $14,014,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. WFG Advisors LP increased its position in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after buying an additional 302 shares in the last quarter. Financial Architects Inc increased its position in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock worth $131,000 after buying an additional 1,115 shares in the last quarter. V Wealth Management LLC purchased a new position in Kansas City Southern during the second quarter worth approximately $169,000. Pacer Advisors Inc. increased its position in Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after buying an additional 66 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after buying an additional 52 shares in the last quarter. Institutional investors own 85.05% of the company’s stock.
Shares of Kansas City Southern (NYSE KSU) opened at 102.97 on Monday. The stock has a 50 day moving average price of $103.56 and a 200 day moving average price of $93.31. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $106.35. The company has a market capitalization of $10.86 billion, a PE ratio of 20.72 and a beta of 0.80.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.07. The firm had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 EPS. On average, analysts predict that Kansas City Southern will post $5.21 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on KSU shares. BidaskClub upgraded Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Credit Suisse Group upgraded Kansas City Southern from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $116.00 in a report on Friday, June 16th. Cowen and Company increased 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 restated a “buy” rating and issued a $108.00 price objective on shares of Kansas City Southern in a report on Friday, June 30th. Finally, UBS AG restated a “positive” rating and issued a $117.00 price objective (up previously from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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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