FNY Investment Advisers LLC Boosts Stock Position in Norfolk Southern Corporation $NSC

FNY Investment Advisers LLC grew its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 12,900.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the railroad operator’s stock after purchasing an additional 12,900 shares during the period. Norfolk Southern comprises about 1.1% of FNY Investment Advisers LLC’s portfolio, making the stock its 15th biggest position. FNY Investment Advisers LLC’s holdings in Norfolk Southern were worth $3,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dorato Capital Management purchased a new stake in Norfolk Southern during the 4th quarter worth approximately $350,000. Abacus Planning Group Inc. boosted its position in Norfolk Southern by 2.1% in the 4th quarter. Abacus Planning Group Inc. now owns 1,917 shares of the railroad operator’s stock valued at $554,000 after buying an additional 40 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Norfolk Southern by 4.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,235 shares of the railroad operator’s stock valued at $357,000 after buying an additional 49 shares during the period. Nilsine Partners LLC grew its stake in shares of Norfolk Southern by 1.6% in the fourth quarter. Nilsine Partners LLC now owns 8,089 shares of the railroad operator’s stock worth $2,335,000 after acquiring an additional 131 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Norfolk Southern by 1.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 102,879 shares of the railroad operator’s stock worth $29,703,000 after acquiring an additional 1,403 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

NSC stock opened at $288.18 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $70.55 billion, a P/E ratio of 22.60, a PEG ratio of 5.23 and a beta of 1.31. The business has a 50 day simple moving average of $299.88 and a 200-day simple moving average of $292.82. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $319.94.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share for the quarter, topping 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%. Norfolk Southern’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 EPS. As a group, equities analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is currently 42.35%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NSC shares. Citigroup decreased their target price on Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Morgan Stanley upgraded Norfolk Southern from an “equal weight” rating to a “buy” rating in a report on Thursday, December 18th. Weiss Ratings raised Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 12th. UBS Group cut Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price objective for the company. in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Norfolk Southern from $301.00 to $296.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Seven analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Norfolk Southern has an average rating of “Hold” and an average price target of $307.89.

Norfolk Southern Company 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.