E. Ohman J or Asset Management AB Has $2.21 Million Holdings in Norfolk Southern Corporation $NSC

E. Ohman J or Asset Management AB increased its holdings in Norfolk Southern Corporation (NYSE:NSC) by 163.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,637 shares of the railroad operator’s stock after purchasing an additional 4,737 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Norfolk Southern were worth $2,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pentwater Capital Management LP bought a new position in Norfolk Southern during the 3rd quarter worth $826,128,000. Norges Bank bought a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $613,255,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Norfolk Southern by 545.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock valued at $392,396,000 after buying an additional 1,103,748 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Norfolk Southern in the third quarter valued at about $329,629,000. Finally, Holocene Advisors LP raised its position in shares of Norfolk Southern by 550.6% during the second quarter. Holocene Advisors LP now owns 983,366 shares of the railroad operator’s stock worth $251,712,000 after acquiring an additional 832,210 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Norfolk Southern from $301.00 to $296.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Argus raised shares of Norfolk Southern to a “hold” rating in a research report on Wednesday, February 25th. Susquehanna raised their price target 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. Citigroup dropped their price target on shares of Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Finally, Weiss Ratings raised shares of Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 12th. Eight research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $308.95.

Norfolk Southern Stock Performance

NSC opened at $283.74 on Wednesday. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $319.94. The company has a market cap of $63.72 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 5.14 and a beta of 1.31. The company’s fifty day moving average price is $300.30 and its two-hundred day moving average price is $292.54. 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 (NYSE:NSC) last issued 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 firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $3.04 earnings per share. On average, analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently declared 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. The ex-dividend date was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern’s payout ratio is 42.35%.

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.