CIBRA Capital Ltd Purchases Shares of 17,550 Norfolk Southern Corporation $NSC

CIBRA Capital Ltd purchased a new position in Norfolk Southern Corporation (NYSE:NSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,550 shares of the railroad operator’s stock, valued at approximately $5,067,000. Norfolk Southern makes up 8.7% of CIBRA Capital Ltd’s holdings, making the stock its 2nd biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after acquiring an additional 79 shares during the period. Intech Investment Management LLC raised its stake in Norfolk Southern by 40.4% during the 1st quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock worth $1,527,000 after acquiring an additional 1,855 shares during the period. Sivia Capital Partners LLC bought a new stake in Norfolk Southern during the 2nd quarter worth approximately $327,000. Schnieders Capital Management LLC. lifted its holdings in Norfolk Southern by 64.1% during the second quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock valued at $1,094,000 after purchasing an additional 1,670 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Norfolk Southern in the second quarter worth approximately $481,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.2%

NSC opened at $283.83 on Friday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $319.94. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.78 and a current ratio of 0.85. The stock has a market cap of $63.74 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 5.11 and a beta of 1.31. The stock’s 50 day moving average price is $299.95 and its 200-day moving average price is $292.60.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.46. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.Norfolk Southern’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 EPS. On average, equities analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NSC. Citigroup reduced their price objective on shares of Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Susquehanna upped their target price on shares of Norfolk Southern from $304.00 to $305.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Zacks Research upgraded Norfolk Southern from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft cut Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price target for the company from $354.00 to $297.00 in a report on Thursday, December 11th. Finally, Jefferies Financial Group upped their price objective on Norfolk Southern from $300.00 to $350.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Seven analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $309.95.

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.