Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,682 Shares of Norfolk Southern Corporation $NSC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 360,485 shares of the railroad operator’s stock after selling 1,682 shares during the quarter. Norfolk Southern makes up 0.5% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s portfolio, making the stock its 28th largest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.16% of Norfolk Southern worth $104,079,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSC. Brighton Jones LLC increased its stake in shares of Norfolk Southern by 4.9% in the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after buying an additional 79 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Norfolk Southern by 40.4% in the first quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after buying an additional 1,855 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Norfolk Southern in the second quarter valued at $327,000. Schnieders Capital Management LLC. increased its stake in shares of Norfolk Southern by 64.1% in the second quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock valued at $1,094,000 after buying an additional 1,670 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Norfolk Southern by 185.1% in the second quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator’s stock valued at $1,174,000 after buying an additional 2,979 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on NSC shares. Susquehanna raised their target price on Norfolk Southern from $305.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their target price on Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Wolfe Research raised their target price on Norfolk Southern from $350.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada lifted their price objective on Norfolk Southern from $310.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Finally, UBS Group set a $327.00 price objective on Norfolk Southern in a research report on Thursday, May 7th. Six 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.com, the company currently has an average rating of “Hold” and a consensus price target of $319.83.

Norfolk Southern Price Performance

Shares of NSC stock opened at $304.99 on Friday. The stock has a 50-day moving average price of $303.14 and a 200 day moving average price of $298.30. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The firm has a market cap of $68.50 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 5.63 and a beta of 1.30. Norfolk Southern Corporation has a 12 month low of $241.82 and a 12 month high of $326.00.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.69 EPS. Research analysts expect that Norfolk Southern Corporation will post 12.11 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.8%. Norfolk Southern’s dividend payout ratio is 45.49%.

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.