Candriam Luxembourg S.C.A. increased its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 24,559 shares of the railroad operator’s stock after acquiring an additional 424 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Norfolk Southern were worth $4,768,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NSC. American International Group Inc. increased its stake in Norfolk Southern by 1.2% in the 4th quarter. American International Group Inc. now owns 97,360 shares of the railroad operator’s stock worth $18,900,000 after purchasing an additional 1,121 shares in the last quarter. Community Bank N.A. increased its stake in Norfolk Southern by 13.1% in the 4th quarter. Community Bank N.A. now owns 8,445 shares of the railroad operator’s stock worth $1,640,000 after purchasing an additional 975 shares in the last quarter. Aurora Private Wealth Inc. purchased a new position in Norfolk Southern in the 4th quarter worth about $762,000. Rhumbline Advisers increased its stake in Norfolk Southern by 1.0% in the 4th quarter. Rhumbline Advisers now owns 494,769 shares of the railroad operator’s stock worth $96,050,000 after purchasing an additional 5,028 shares in the last quarter. Finally, NBT Bank N A NY increased its stake in Norfolk Southern by 11.1% in the 4th quarter. NBT Bank N A NY now owns 12,682 shares of the railroad operator’s stock worth $2,462,000 after purchasing an additional 1,264 shares in the last quarter. 71.90% of the stock is currently owned by hedge funds and other institutional investors.
NSC has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Norfolk Southern from $127.00 to $134.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. Robert W. Baird lifted their price target on Norfolk Southern from $197.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their price target on Norfolk Southern from $195.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Stephens lifted their price target on Norfolk Southern from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, UBS Group lifted their price target on Norfolk Southern from $225.00 to $247.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $215.05.
Shares of NYSE NSC opened at $209.35 on Friday. Norfolk Southern Corp. has a one year low of $166.57 and a one year high of $219.88. The firm has a market capitalization of $53.98 billion, a PE ratio of 20.42, a PEG ratio of 1.92 and a beta of 1.34. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $203.89 and a two-hundred day moving average price of $188.61.
Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.27. Norfolk Southern had a return on equity of 18.04% and a net margin of 24.10%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company posted $2.57 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. Research analysts anticipate that Norfolk Southern Corp. will post 11.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.94 per share. The ex-dividend date is Thursday, February 6th. This represents a $3.76 annualized dividend and a dividend yield of 1.80%. Norfolk Southern’s dividend payout ratio is 36.36%.
In other news, EVP Ann A. Adams sold 1,118 shares of Norfolk Southern stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $211.83, for a total transaction of $236,825.94. Following the completion of the sale, the executive vice president now directly owns 8,809 shares in the company, valued at approximately $1,866,010.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann A. Adams sold 1,336 shares of Norfolk Southern stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $208.16, for a total value of $278,101.76. Following the sale, the executive vice president now owns 6,950 shares of the company’s stock, valued at $1,446,712. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,724 shares of company stock valued at $3,125,979. 0.19% of the stock is owned by corporate insiders.
Norfolk Southern Company Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.
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