Czech National Bank Has $17.08 Million Stock Holdings in Norfolk Southern Corporation $NSC

Czech National Bank raised its stake in Norfolk Southern Corporation (NYSE:NSC) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 59,167 shares of the railroad operator’s stock after acquiring an additional 2,185 shares during the quarter. Czech National Bank’s holdings in Norfolk Southern were worth $17,083,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NSC. Pentwater Capital Management LP acquired a new stake in shares of Norfolk Southern in the 3rd quarter valued at about $826,128,000. Norges Bank acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $613,255,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Norfolk Southern by 545.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock worth $392,396,000 after acquiring an additional 1,103,748 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Norfolk Southern in the third quarter valued at approximately $329,629,000. Finally, Holocene Advisors LP increased its holdings in shares of Norfolk Southern by 550.6% during the second quarter. Holocene Advisors LP now owns 983,366 shares of the railroad operator’s stock valued at $251,712,000 after acquiring an additional 832,210 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.0%

NSC stock opened at $282.69 on Friday. The stock has a market cap of $63.48 billion, a P/E ratio of 22.17, a P/E/G ratio of 5.10 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $300.07 and its two-hundred day simple moving average is $292.41. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $319.94.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.46. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $3.04 EPS. Analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NSC. Deutsche Bank Aktiengesellschaft cut Norfolk Southern from a “buy” rating to a “hold” rating and cut their target price for the stock from $354.00 to $297.00 in a report on Thursday, December 11th. Morgan Stanley raised shares of Norfolk Southern from an “equal weight” rating to a “buy” rating in a research note on Thursday, December 18th. Barclays decreased their target price on shares of Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Norfolk Southern in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective on Norfolk Southern from $301.00 to $296.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $309.95.

Norfolk Southern 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.