PBU The Pension Fund of Early Childhood & Youth Educators Makes New $8.91 Million Investment in Norfolk Southern Corporation $NSC

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in Norfolk Southern Corporation (NYSE:NSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,851 shares of the railroad operator’s stock, valued at approximately $8,907,000.

Other large investors have also bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in Norfolk Southern in the third quarter worth $25,000. Westside Investment Management Inc. grew its holdings in shares of Norfolk Southern by 207.1% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. GoalVest Advisory LLC grew its holdings in shares of Norfolk Southern by 933.3% during the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after buying an additional 84 shares during the last quarter. MMA Asset Management LLC bought a new stake in shares of Norfolk Southern during the third quarter worth about $28,000. Finally, FNY Investment Advisers LLC increased its position in shares of Norfolk Southern by 669.2% during the third quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 87 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NSC has been the topic of several recent research reports. Sanford C. Bernstein dropped their price target on shares of Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Citigroup reissued a “neutral” rating on shares of Norfolk Southern in a report on Friday, April 24th. Royal Bank Of Canada increased their price objective on Norfolk Southern from $310.00 to $360.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their target price on Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Barclays upped their price target on Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Six equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $322.71.

Norfolk Southern Trading Up 2.2%

Shares of NSC stock opened at $313.88 on Friday. Norfolk Southern Corporation has a 52-week low of $247.85 and a 52-week high of $326.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91. The company has a 50-day simple moving average of $305.69 and a two-hundred day simple moving average of $299.07. The company has a market capitalization of $70.49 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 5.79 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm earned $2.69 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Norfolk Southern Corporation will post 12.11 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, May 8th. Norfolk Southern’s payout ratio is presently 45.49%.

Norfolk Southern Company Profile

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.