Sustainable Growth Advisers Lp Lowers stake in Kansas City Southern (KSU)

Kansas City Southern (KSU) : Sustainable Growth Advisers Lp reduced its stake in Kansas City Southern by 20.26% during the most recent quarter end. The investment management company now holds a total of 1,113,510 shares of Kansas City Southern which is valued at $108,299,983 after selling 282,880 shares in Kansas City Southern , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Kansas City Southern makes up approximately 2.14% of Sustainable Growth Advisers Lp’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management reduced its stake in KSU by selling 851 shares or 23.5% in the most recent quarter. The Hedge Fund company now holds 2,771 shares of KSU which is valued at $269,507.Rnc Capital Management boosted its stake in KSU in the latest quarter, The investment management firm added 787 additional shares and now holds a total of 52,133 shares of Kansas City Southern which is valued at $4,972,967. Kansas City Southern makes up approx 0.45% of Rnc Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in KSU in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 7,827 shares of Kansas City Southern which is valued at $724,232. Kansas City Southern makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

Kansas City Southern opened for trading at $97.31 and hit $98.74 on the upside on Monday, eventually ending the session at $97.09, with a gain of 0.11% or 0.11 points. The heightened volatility saw the trading volume jump to 12,98,171 shares. Company has a market cap of $10,484 M.

On the company’s financial health, Kansas City Southern reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.03. The company had revenue of $568.50 million for the quarter, compared to analysts expectations of $571.60 million. The company’s revenue was down -2.9 % 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. Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 111 from a previous price target of $108 .Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 114 from a previous price target of $109 .Kansas City Southern was Initiated by Credit Agricole to “Underperform” on May 19, 2016.

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.

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