Healthcare of Ontario Pension Plan Trust Fund grew its position in Norfolk Southern Co. (NYSE:NSC) by 59.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,500 shares of the railroad operator’s stock after buying an additional 13,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Norfolk Southern were worth $8,435,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Clear Perspectives Financial Planning LLC acquired a new position in Norfolk Southern in the 4th quarter valued at about $30,000. Vantage Consulting Group Inc acquired a new position in shares of Norfolk Southern in the fourth quarter valued at approximately $31,000. Norway Savings Bank increased its stake in Norfolk Southern by 416.7% during the 4th quarter. Norway Savings Bank now owns 155 shares of the railroad operator’s stock worth $37,000 after buying an additional 125 shares during the period. Orion Capital Management LLC acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $38,000. Finally, Advisory Alpha LLC purchased a new position in Norfolk Southern in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.
A number of research firms recently issued reports on NSC. Evercore ISI reiterated an “in-line” rating on shares of Norfolk Southern in a report on Wednesday, March 3rd. Smith Barney Citigroup lifted their price objective on Norfolk Southern from $250.00 to $290.00 in a research note on Monday, January 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Norfolk Southern from $232.00 to $261.00 and gave the stock a “hold” rating in a research note on Monday, March 29th. Argus lifted their price target on shares of Norfolk Southern from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, February 1st. Finally, Robert W. Baird raised shares of Norfolk Southern from a “neutral” rating to an “outperform” rating and set a $286.00 price objective on the stock in a research report on Tuesday, January 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $238.57.
Shares of NYSE NSC opened at $271.48 on Thursday. The stock has a market cap of $73.91 billion, a P/E ratio of 34.94, a P/E/G ratio of 3.09 and a beta of 1.38. Norfolk Southern Co. has a twelve month low of $147.37 and a twelve month high of $276.15. The stock has a 50 day moving average of $261.21 and a two-hundred day moving average of $240.01. The company has a current ratio of 1.29, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85.
Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, January 26th. The railroad operator reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.16. Norfolk Southern had a net margin of 20.27% and a return on equity of 15.83%. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the company posted $2.55 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, research analysts predict that Norfolk Southern Co. will post 9.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Friday, February 5th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, February 4th. Norfolk Southern’s dividend payout ratio is presently 38.30%.
Norfolk Southern Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports industrial products, including agriculture, forest and consumer products, chemicals, and metals and construction materials; and coal, automobiles, and automotive parts.
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