123,100 Shares in Norfolk Southern Co. (NYSE:NSC) Purchased by APG Asset Management N.V.

APG Asset Management N.V. bought a new position in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,100 shares of the railroad operator's stock, valued at approximately $27,901,000. APG Asset Management N.V. owned 0.05% of Norfolk Southern as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Norfolk Southern in the 4th quarter valued at approximately $27,000. Keystone Financial Group Inc. acquired a new position in shares of Norfolk Southern during the fourth quarter worth $27,000. Bank of Jackson Hole Trust purchased a new position in Norfolk Southern in the fourth quarter valued at $27,000. Vision Financial Markets LLC acquired a new stake in Norfolk Southern in the fourth quarter valued at $28,000. Finally, Atlantic Private Wealth LLC purchased a new stake in Norfolk Southern during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 75.10% of the company's stock.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, Director Gilbert H. Lamphere purchased 607 shares of Norfolk Southern stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $259.86 per share, with a total value of $157,735.02. Following the acquisition, the director now directly owns 2,487 shares of the company's stock, valued at $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

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Norfolk Southern Stock Performance

Shares of NYSE:NSC traded down $2.16 during trading on Tuesday, reaching $219.24. The company had a trading volume of 264,646 shares, compared to its average volume of 1,243,859. Norfolk Southern Co. has a fifty-two week low of $201.63 and a fifty-two week high of $277.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. The stock's fifty day moving average price is $236.57 and its 200 day moving average price is $246.56. The firm has a market capitalization of $54.06 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. As a group, equities research analysts predict that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were given a $1.35 dividend. The ex-dividend date was Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a yield of 2.46%. Norfolk Southern's payout ratio is currently 46.71%.

Analyst Ratings Changes

A number of research firms have recently commented on NSC. Susquehanna dropped their price objective on Norfolk Southern from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada increased their price target on shares of Norfolk Southern from $275.00 to $286.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. UBS Group reduced their price objective on shares of Norfolk Southern from $305.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company dropped their target price on shares of Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Robert W. Baird lifted their price target on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $268.79.

Norfolk Southern Company Profile

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.