Greenland Capital Management LP Invests $845,000 in Norfolk Southern Co. (NYSE:NSC)

Greenland Capital Management LP acquired a new position in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,600 shares of the railroad operator's stock, valued at approximately $845,000.

A number of other institutional investors have also recently bought and sold shares of NSC. Financial Life Planners bought a new stake in Norfolk Southern in the 4th quarter valued at $27,000. Keystone Financial Group Inc. acquired a new stake in Norfolk Southern in the 4th quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new stake in Norfolk Southern in the 4th quarter valued at approximately $27,000. Morse Asset Management Inc acquired a new position in Norfolk Southern during the 3rd quarter worth approximately $30,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 75.10% of the company's stock.

Insider Buying and Selling

In other Norfolk Southern news, Director Gilbert H. Lamphere bought 607 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $259.86 per share, for a total transaction of $157,735.02. Following the completion of the acquisition, the director now owns 2,487 shares in the company, valued at $646,271.82. This trade represents a 32.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.19% of the stock is owned by insiders.

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Norfolk Southern Trading Up 1.3 %

Shares of Norfolk Southern stock traded up $2.74 during trading on Monday, hitting $221.05. The company's stock had a trading volume of 192,631 shares, compared to its average volume of 1,244,712. The stock has a market cap of $54.50 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30. Norfolk Southern Co. has a 52 week low of $201.63 and a 52 week high of $277.60. The stock has a 50-day moving average price of $237.20 and a two-hundred day moving average price of $246.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82.

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

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Friday, February 7th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern's dividend payout ratio is currently 46.71%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NSC. Barclays reduced their price target on Norfolk Southern from $305.00 to $290.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Norfolk Southern from $284.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Robert W. Baird increased their price target on shares of Norfolk Southern from $260.00 to $270.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Stephens boosted their target price on shares of Norfolk Southern from $260.00 to $275.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $268.79.

Norfolk Southern 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.