Savant Capital LLC Boosts Position in Kansas City Southern (KSU)
Savant Capital LLC boosted its stake in shares of Kansas City Southern (NYSE:KSU) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,214 shares of the transportation company’s stock after buying an additional 13 shares during the period. Savant Capital LLC’s holdings in Kansas City Southern were worth $336,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. 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 valued at $112,000 after buying an additional 302 shares during 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 valued at $131,000 after buying an additional 1,115 shares during the last quarter. V Wealth Management LLC purchased a new position in Kansas City Southern during the second quarter valued at about $169,000. Advisor Partners LLC purchased a new position in Kansas City Southern during the second quarter valued at about $202,000. Finally, Glenview State Bank Trust DEPT. purchased a new position in Kansas City Southern during the second quarter valued at about $209,000. 85.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kansas City Southern (NYSE KSU) opened at 104.99 on Tuesday. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $106.35. The firm has a market capitalization of $11.07 billion, a PE ratio of 21.13 and a beta of 0.80. The stock’s 50 day moving average price is $103.64 and its 200-day moving average price is $93.52.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings results 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. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The business had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. During the same period in the previous year, the business posted $1.22 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. Equities research analysts anticipate that Kansas City Southern will post $5.21 EPS for the current fiscal year.
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Several research firms recently issued reports on KSU. BMO Capital Markets reissued a “market perform” rating and issued a $105.00 target price (up from $98.00) on shares of Kansas City Southern in a research report on Tuesday, July 25th. Citigroup Inc. cut their target price on Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Tuesday, April 25th. Cowen and Company upped their target price on Kansas City Southern from $94.00 to $95.00 and gave the company a “market perform” rating in a research report on Monday, April 24th. BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price target on shares of Kansas City Southern in a research report on Friday, June 30th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Kansas City Southern has an average rating of “Hold” and an average 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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