E. Ohman J or Asset Management AB Increases Stock Holdings in Norfolk Southern Corporation $NSC

E. Ohman J or Asset Management AB increased its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 163.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,637 shares of the railroad operator’s stock after buying an additional 4,737 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Norfolk Southern were worth $2,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NSC. ORG Partners LLC lifted its stake in Norfolk Southern by 75.0% during the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Norfolk Southern in the 3rd quarter worth $25,000. Westside Investment Management Inc. raised its holdings in shares of Norfolk Southern by 207.1% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. BNP Paribas purchased a new stake in shares of Norfolk Southern in the second quarter valued at about $26,000. Finally, GoalVest Advisory LLC lifted its position 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 purchasing an additional 84 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on NSC shares. UBS Group cut shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price target on the stock. in a report on Friday, February 6th. Wolfe Research lifted their target price on shares of Norfolk Southern from $361.00 to $368.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their target price on Norfolk Southern from $301.00 to $296.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Weiss Ratings raised Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 12th. Finally, Robert W. Baird increased their price target on Norfolk Southern from $288.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Eight analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $308.95.

Norfolk Southern Stock Performance

Shares of NSC opened at $283.74 on Wednesday. The firm has a market cap of $63.72 billion, a PE ratio of 22.25, a PEG ratio of 5.14 and a beta of 1.31. The stock’s fifty day moving average price is $300.30 and its two-hundred day moving average price is $292.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $319.94.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.46. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $5.40 annualized dividend and a yield of 1.9%. Norfolk Southern’s dividend payout ratio is 42.35%.

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.