Fideuram Asset Management Ireland dac Invests $930,000 in Norfolk Southern Corporation $NSC

Fideuram Asset Management Ireland dac acquired a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,221 shares of the railroad operator’s stock, valued at approximately $930,000.

A number of other hedge funds also recently made changes to their positions in NSC. Pentwater Capital Management LP bought a new stake in shares of Norfolk Southern during the 3rd quarter worth $826,128,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Norfolk Southern by 545.2% during the 3rd 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 during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Norfolk Southern during the 3rd quarter worth $329,629,000. TOMS Capital Investment Management LP bought a new stake in shares of Norfolk Southern during the 2nd quarter worth $181,995,000. Finally, M&T Bank Corp lifted its holdings in shares of Norfolk Southern by 463.2% during the 4th quarter. M&T Bank Corp now owns 783,271 shares of the railroad operator’s stock worth $226,146,000 after acquiring an additional 644,202 shares during the last quarter. 75.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on NSC. Robert W. Baird lifted their price objective on shares of Norfolk Southern from $315.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. TD Cowen lifted their price objective on shares of Norfolk Southern from $313.00 to $337.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of Norfolk Southern in a research report on Friday, April 24th. Rothschild & Co Redburn lifted their target price on shares of Norfolk Southern from $308.00 to $315.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Argus upgraded shares of Norfolk Southern to a “hold” rating in a research report on Wednesday, February 25th. Six equities research 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.com, Norfolk Southern presently has a consensus rating of “Hold” and a consensus price target of $319.83.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $304.99 on Friday. The stock has a market cap of $68.50 billion, a PE ratio of 25.69, a PEG ratio of 5.63 and a beta of 1.30. The company’s fifty day moving average is $303.14 and its 200 day moving average is $298.30. Norfolk Southern Corporation has a 52 week low of $241.82 and a 52 week high of $326.00. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04.

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

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 8th. Norfolk Southern’s dividend payout ratio is 45.49%.

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.