Vise Technologies Inc. raised its holdings in Norfolk Southern Corporation (NYSE:NSC – Free Report) by 104.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,993 shares of the railroad operator’s stock after purchasing an additional 2,036 shares during the period. Vise Technologies Inc.’s holdings in Norfolk Southern were worth $1,153,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Norfolk Southern by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 20,825,837 shares of the railroad operator’s stock valued at $6,012,836,000 after purchasing an additional 272,651 shares during the period. Geode Capital Management LLC boosted its holdings in 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 valued at $1,401,797,000 after purchasing an additional 36,205 shares during the period. Norges Bank bought a new stake in shares of Norfolk Southern during the 4th quarter worth approximately $1,084,701,000. Pentwater Capital Management LP bought a new stake in shares of Norfolk Southern during the 3rd quarter worth approximately $826,128,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Norfolk Southern by 5.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,179,610 shares of the railroad operator’s stock worth $654,757,000 after acquiring an additional 118,697 shares during the period. Institutional investors own 75.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Jefferies Financial Group cut their price target on shares of Norfolk Southern from $350.00 to $310.00 and set a “hold” rating for the company in a report on Monday, April 6th. UBS Group set a $327.00 price target on shares of Norfolk Southern in a report on Thursday, May 7th. TD Cowen upped their price target on shares of Norfolk Southern from $313.00 to $337.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Six equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $322.71.
Norfolk Southern Price Performance
Shares of NYSE:NSC opened at $309.72 on Tuesday. The company has a market cap of $69.56 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 5.79 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $306.23 and a 200 day simple moving average of $299.40. Norfolk Southern Corporation has a one year low of $247.85 and a one year high of $326.00.
Norfolk Southern (NYSE:NSC – Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 EPS. Research analysts predict that Norfolk Southern Corporation will post 12.11 earnings per share for the current fiscal year.
Norfolk Southern Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 annualized dividend and a yield of 1.7%. Norfolk Southern’s dividend 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.
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