Quantbot Technologies LP bought a new stake in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 48,141 shares of the railroad operator's stock, valued at approximately $11,299,000.
A number of other institutional investors have also recently modified their holdings of the stock. Raab & Moskowitz Asset Management LLC lifted its position in shares of Norfolk Southern by 2.4% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator's stock valued at $435,000 after acquiring an additional 41 shares during the period. Archer Investment Corp lifted its position in shares of Norfolk Southern by 2.3% during the 3rd quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator's stock valued at $481,000 after acquiring an additional 43 shares during the period. Albert D Mason Inc. raised its holdings in shares of Norfolk Southern by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator's stock worth $1,615,000 after buying an additional 46 shares in the last quarter. Signal Advisors Wealth LLC raised its holdings in shares of Norfolk Southern by 5.4% during the 4th quarter. Signal Advisors Wealth LLC now owns 960 shares of the railroad operator's stock worth $225,000 after buying an additional 49 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Norfolk Southern by 2.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,507 shares of the railroad operator's stock worth $588,000 after buying an additional 49 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on NSC. Royal Bank of Canada boosted their price target on Norfolk Southern from $275.00 to $286.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their price target on Norfolk Southern from $320.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Stephens boosted their price target on Norfolk Southern from $260.00 to $275.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on Norfolk Southern from $284.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a "buy" rating and issued a $285.00 target price on shares of Norfolk Southern in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $276.95.
View Our Latest Stock Report on NSC
Norfolk Southern Trading Down 0.0 %
Shares of NYSE NSC traded down $0.02 during trading on Tuesday, reaching $234.37. The company had a trading volume of 997,637 shares, compared to its average volume of 1,160,000. The company's fifty day moving average price is $246.25 and its 200-day moving average price is $250.40. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The stock has a market cap of $53.07 billion, a P/E ratio of 20.27, a PEG ratio of 2.31 and a beta of 1.35. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16.
Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating analysts' consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. As a group, research analysts expect that Norfolk Southern Co. will post 13 earnings per share for the current year.
Norfolk Southern Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 7th. This represents a $5.40 annualized dividend and a dividend yield of 2.30%. Norfolk Southern's payout ratio is 46.71%.
Insider Activity at Norfolk Southern
In other Norfolk Southern news, Director Gilbert H. Lamphere bought 607 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the transaction, the director now directly owns 2,487 shares in the company, valued at approximately $646,271.82. This trade represents a 32.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.
Norfolk Southern Company Profile
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Free Report)
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.
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