FNY Investment Advisers LLC Increases Stock Holdings in Norfolk Southern Corporation $NSC

FNY Investment Advisers LLC grew its stake in Norfolk Southern Corporation (NYSE:NSC) by 12,900.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,000 shares of the railroad operator’s stock after purchasing an additional 12,900 shares during the period. Norfolk Southern makes up approximately 1.1% of FNY Investment Advisers LLC’s portfolio, making the stock its 15th biggest holding. FNY Investment Advisers LLC’s holdings in Norfolk Southern were worth $3,753,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Park Place Capital Corp increased its stake in Norfolk Southern by 13,000.0% in the 3rd quarter. Park Place Capital Corp now owns 3,668 shares of the railroad operator’s stock valued at $1,102,000 after buying an additional 3,640 shares during the period. Cullen Capital Management LLC lifted its stake in shares of Norfolk Southern by 31.8% in the 3rd quarter. Cullen Capital Management LLC now owns 121,351 shares of the railroad operator’s stock worth $36,455,000 after acquiring an additional 29,264 shares during the period. Markel Group Inc. boosted its holdings in shares of Norfolk Southern by 8.5% in the third quarter. Markel Group Inc. now owns 256,500 shares of the railroad operator’s stock valued at $77,055,000 after acquiring an additional 20,000 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Norfolk Southern in the third quarter valued at about $24,033,000. Finally, AlphaQuest LLC acquired a new position in shares of Norfolk Southern during the third quarter worth about $2,165,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

NSC has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of Norfolk Southern from $300.00 to $350.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada dropped their target price on Norfolk Southern from $320.00 to $310.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft downgraded 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 research note on Thursday, December 11th. Morgan Stanley raised Norfolk Southern from an “equal weight” rating to a “buy” rating in a report on Thursday, December 18th. Finally, Barclays decreased their price target on Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $307.89.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $288.18 on Friday. The firm has a market capitalization of $70.55 billion, a PE ratio of 22.60, a P/E/G ratio of 5.23 and a beta of 1.31. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $319.94. The firm’s 50-day simple moving average is $299.88 and its 200 day simple moving average is $292.82. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.06.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share 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 the consensus estimate of $3.03 billion. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $3.04 EPS. On average, equities research analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

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

About Norfolk Southern

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.