Capitolis Liquid Global Markets LLC acquired a new position in shares of Norfolk Southern Corporation (NYSE:NSC – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 288,900 shares of the railroad operator’s stock, valued at approximately $83,411,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Norfolk Southern during the 3rd quarter worth about $25,000. BNP Paribas acquired a new position in Norfolk Southern during the 2nd quarter worth about $26,000. GoalVest Advisory LLC lifted its holdings in Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after buying an additional 84 shares during the period. Meeder Asset Management Inc. lifted its holdings in Norfolk Southern by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock worth $27,000 after buying an additional 67 shares during the period. Finally, FNY Investment Advisers LLC lifted its holdings in Norfolk Southern by 669.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock worth $30,000 after buying an additional 87 shares during the period. Institutional investors own 75.10% of the company’s stock.
Norfolk Southern Stock Performance
Shares of Norfolk Southern stock opened at $300.38 on Thursday. Norfolk Southern Corporation has a one year low of $250.65 and a one year high of $326.00. The firm has a market capitalization of $67.46 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 5.74 and a beta of 1.27. The business has a 50-day simple moving average of $309.49 and a 200 day simple moving average of $300.56. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81.
Norfolk Southern Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 8th. Norfolk Southern’s payout ratio is currently 45.49%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on NSC. Argus raised Norfolk Southern to a “hold” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada boosted their price objective on Norfolk Southern from $310.00 to $360.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Jefferies Financial Group dropped their price objective on Norfolk Southern from $350.00 to $310.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Wall Street Zen raised Norfolk Southern from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Rothschild & Co Redburn boosted their price objective on Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, Norfolk Southern currently has a consensus rating of “Hold” and a consensus target price of $322.71.
Get Our Latest Research Report on NSC
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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