Norfolk Southern Corporation $NSC Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Norfolk Southern Corporation (NYSE:NSC) by 4.9% during the 1st quarter, Holdings Channel reports. The fund owned 143,760 shares of the railroad operator’s stock after acquiring an additional 6,703 shares during the quarter. Quantinno Capital Management LP’s holdings in Norfolk Southern were worth $41,259,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in shares of Norfolk Southern in the 3rd quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its position in shares of Norfolk Southern by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 67 shares during the last quarter. BNP Paribas acquired a new position in shares of Norfolk Southern during the second quarter worth $26,000. Financial Life Planners purchased a new position in Norfolk Southern in the first quarter valued at $33,000. Finally, Bayban acquired a new stake in Norfolk Southern in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $333.72 on Friday. The firm’s fifty day simple moving average is $319.19 and its 200-day simple moving average is $307.70. Norfolk Southern Corporation has a 12 month low of $268.23 and a 12 month high of $358.60. The stock has a market capitalization of $74.96 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 5.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.73.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.20. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the business earned $3.29 EPS. Norfolk Southern’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts forecast that Norfolk Southern Corporation will post 12.6 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, August 7th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.6%. Norfolk Southern’s dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NSC shares. Royal Bank Of Canada upped their price objective on Norfolk Southern from $320.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Wells Fargo & Company increased their price target on shares of Norfolk Southern from $365.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Robert W. Baird raised their price objective on shares of Norfolk Southern from $360.00 to $377.00 and gave the stock a “neutral” rating in a report on Monday. BMO Capital Markets upped their target price on shares of Norfolk Southern from $310.00 to $355.00 and gave the company a “market perform” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Norfolk Southern from $316.00 to $338.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $348.00.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.