Lansforsakringar Fondforvaltning AB publ Boosts Holdings in Norfolk Southern Corporation $NSC

Lansforsakringar Fondforvaltning AB publ lifted its position in Norfolk Southern Corporation (NYSE:NSC) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,312 shares of the railroad operator’s stock after purchasing an additional 2,153 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Norfolk Southern were worth $21,423,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after purchasing an additional 79 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Norfolk Southern by 40.4% in the first quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after purchasing an additional 1,855 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Norfolk Southern during the second quarter worth $327,000. Schnieders Capital Management LLC. boosted its stake in shares of Norfolk Southern by 64.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock valued at $1,094,000 after buying an additional 1,670 shares during the period. Finally, Brookstone Capital Management lifted its stake in Norfolk Southern by 12.7% in the second quarter. Brookstone Capital Management now owns 3,376 shares of the railroad operator’s stock worth $864,000 after acquiring an additional 381 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.9%

Shares of NSC opened at $316.85 on Monday. The business’s 50-day moving average price is $296.00 and its 200 day moving average price is $289.36. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $319.94. The stock has a market capitalization of $71.16 billion, a P/E ratio of 24.85, a P/E/G ratio of 5.62 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.46. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $3.04 earnings per share. Analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, February 6th. Norfolk Southern’s dividend payout ratio is currently 42.35%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NSC shares. Wolfe Research raised their price target on Norfolk Southern from $361.00 to $368.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Robert W. Baird cut their price target on Norfolk Southern from $293.00 to $288.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Susquehanna raised their price objective on Norfolk Southern from $304.00 to $305.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Benchmark reiterated a “hold” rating on shares of Norfolk Southern in a report on Friday, January 30th. Finally, Evercore upped their price target on Norfolk Southern from $298.00 to $299.00 in a research note on Thursday, December 18th. Seven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $304.47.

Insider Buying and Selling

In other Norfolk Southern news, Director William Jr. Clyburn bought 204 shares of Norfolk Southern stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $294.79 per share, with a total value of $60,137.16. Following the purchase, the director owned 405 shares of the company’s stock, valued at $119,389.95. This trade represents a 101.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by insiders.

Norfolk Southern 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.