Norfolk Southern Corporation $NSC Shares Acquired by Andra AP fonden

Andra AP fonden increased its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 253.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,013 shares of the railroad operator’s stock after acquiring an additional 43,773 shares during the quarter. Andra AP fonden’s holdings in Norfolk Southern were worth $17,511,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NSC. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern during the 3rd quarter valued at about $25,000. Meeder Asset Management Inc. boosted its holdings in shares of Norfolk Southern by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 67 shares during the last quarter. BNP Paribas purchased a new stake in shares of Norfolk Southern during the 2nd quarter valued at $26,000. Financial Life Planners purchased a new stake in shares of Norfolk Southern during the 1st quarter valued at $33,000. Finally, Bayban acquired a new stake in shares of Norfolk Southern during the 4th quarter worth $34,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Trading Down 1.5%

NYSE NSC opened at $335.11 on Tuesday. Norfolk Southern Corporation has a 52 week low of $268.23 and a 52 week high of $342.53. The stock has a market cap of $75.26 billion, a P/E ratio of 28.23, a PEG ratio of 6.22 and a beta of 1.27. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $315.26 and its 200-day simple moving average is $304.81.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.69 EPS. Equities research analysts predict that Norfolk Southern Corporation will post 12.24 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $1.35 dividend. The ex-dividend date was Friday, May 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.6%. Norfolk Southern’s payout ratio is 45.49%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird lifted their target price on Norfolk Southern from $330.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, July 10th. TD Cowen lifted their price objective on Norfolk Southern from $313.00 to $337.00 and gave the company a “buy” rating in a research note on Monday, April 27th. UBS Group set a $327.00 price target on shares of Norfolk Southern in a report on Thursday, May 7th. Evercore set a $325.00 price objective on shares of Norfolk Southern in a research report on Friday, April 24th. Finally, Sanford C. Bernstein cut their target price on shares of Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Six investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $329.35.

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.