B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,253 shares of the railroad operator’s stock, valued at approximately $3,767,000.
Several other hedge funds also recently made changes to their positions in the business. Associated Banc Corp grew its stake in shares of Norfolk Southern by 0.7% in the 4th quarter. Associated Banc Corp now owns 5,946 shares of the railroad operator’s stock valued at $1,413,000 after purchasing an additional 43 shares during the last quarter. CX Institutional lifted its holdings in shares of Norfolk Southern by 14.9% in the 4th quarter. CX Institutional now owns 339 shares of the railroad operator’s stock valued at $81,000 after buying an additional 44 shares during the period. Boenning & Scattergood Inc. lifted its holdings in shares of Norfolk Southern by 0.8% in the 4th quarter. Boenning & Scattergood Inc. now owns 6,023 shares of the railroad operator’s stock valued at $1,431,000 after buying an additional 46 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Norfolk Southern by 0.8% in the 4th quarter. Cresset Asset Management LLC now owns 6,086 shares of the railroad operator’s stock valued at $1,446,000 after buying an additional 48 shares during the period. Finally, Clarius Group LLC lifted its holdings in shares of Norfolk Southern by 2.6% in the 4th quarter. Clarius Group LLC now owns 1,922 shares of the railroad operator’s stock valued at $457,000 after buying an additional 49 shares during the period. Institutional investors own 67.25% of the company’s stock.
NSC has been the subject of several research reports. Morgan Stanley lifted their price objective on Norfolk Southern from $145.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday. Vertical Research initiated coverage on Norfolk Southern in a report on Friday, March 26th. They set a “hold” rating and a $240.00 price objective for the company. Argus lifted their price objective on Norfolk Southern from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, February 1st. Robert W. Baird raised Norfolk Southern from a “neutral” rating to an “outperform” rating and set a $286.00 price target for the company in a research report on Tuesday, January 12th. Finally, Cowen boosted their price target on Norfolk Southern from $224.00 to $254.00 and gave the company an “outperform” rating in a research report on Thursday, January 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Norfolk Southern currently has a consensus rating of “Buy” and an average target price of $238.57.
NYSE:NSC opened at $271.22 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.29. Norfolk Southern Co. has a one year low of $147.37 and a one year high of $276.15. The business’s 50-day simple moving average is $260.89 and its 200 day simple moving average is $239.76. The stock has a market cap of $73.83 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 3.09 and a beta of 1.38.
Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, January 26th. The railroad operator reported $2.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.48 by $0.16. Norfolk Southern had a return on equity of 15.83% and a net margin of 20.27%. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts predict that Norfolk Southern Co. will post 9.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Friday, February 5th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, February 4th. This represents a $3.96 annualized dividend and a yield of 1.46%. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.94. Norfolk Southern’s dividend payout ratio is presently 38.30%.
Norfolk Southern Company 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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