Kintayl Capital LP Takes $4.63 Million Position in Norfolk Southern Corporation $NSC

Kintayl Capital LP acquired a new position in Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,730 shares of the railroad operator’s stock, valued at approximately $4,634,000. Norfolk Southern accounts for approximately 1.8% of Kintayl Capital LP’s portfolio, making the stock its 18th largest holding.

Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Norfolk Southern during the second quarter valued at $5,033,549,000. State Street Corp increased its position in Norfolk Southern by 4.1% during the 4th quarter. State Street Corp now owns 9,710,549 shares of the railroad operator’s stock valued at $2,803,630,000 after purchasing an additional 379,819 shares during the period. Geode Capital Management LLC lifted its position in shares of Norfolk Southern by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 4,878,029 shares of the railroad operator’s stock worth $1,401,797,000 after purchasing an additional 36,205 shares during the period. Norges Bank bought a new position in shares of Norfolk Southern during the fourth quarter valued at approximately $1,084,701,000. Finally, Pentwater Capital Management LP increased its holdings in Norfolk Southern by 9.8% during the fourth quarter. Pentwater Capital Management LP now owns 3,019,000 shares of the railroad operator’s stock valued at $871,646,000 after buying an additional 269,000 shares during the period. Institutional investors own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NSC has been the topic of several recent research reports. Robert W. Baird increased their target price on Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. BMO Capital Markets boosted their target price on shares of Norfolk Southern from $310.00 to $355.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Citigroup raised their price target on shares of Norfolk Southern from $351.00 to $376.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Benchmark reiterated a “hold” rating on shares of Norfolk Southern in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $348.00.

Norfolk Southern Stock Down 0.4%

NSC stock opened at $351.73 on Wednesday. The company has a market capitalization of $79.00 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 6.25 and a beta of 1.27. Norfolk Southern Corporation has a 12 month low of $268.23 and a 12 month high of $358.60. The firm’s fifty day simple moving average is $329.90 and its 200-day simple moving average is $314.17. 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 posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.20. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.29 earnings per share. As a group, equities research analysts forecast that Norfolk Southern Corporation will post 12.66 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Friday, August 7th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 7th. Norfolk Southern’s dividend payout ratio (DPR) is currently 46.08%.

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.