Capital International Investors Grows Position in Norfolk Southern Corporation $NSC

Capital International Investors boosted its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,888 shares of the railroad operator’s stock after acquiring an additional 14,938 shares during the period. Capital International Investors owned about 0.07% of Norfolk Southern worth $50,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC lifted its position in shares of Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 36 shares during the period. Westside Investment Management Inc. increased its holdings in Norfolk Southern by 207.1% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after buying an additional 58 shares during the period. BNP Paribas bought a new position in Norfolk Southern in the second quarter worth approximately $26,000. MMA Asset Management LLC bought a new position in Norfolk Southern in the third quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC lifted its holdings in Norfolk Southern by 68.9% during the third quarter. Highline Wealth Partners LLC now owns 103 shares of the railroad operator’s stock worth $31,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NSC. Benchmark reiterated a “hold” rating on shares of Norfolk Southern in a report on Friday, January 30th. Robert W. Baird upped their price objective on Norfolk Southern from $288.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft downgraded Norfolk Southern from a “buy” rating to a “hold” rating and dropped their price objective for the company from $354.00 to $297.00 in a research report on Thursday, December 11th. Evercore boosted their target price on shares of Norfolk Southern from $298.00 to $299.00 in a report on Thursday, December 18th. Finally, Citigroup decreased their price target on shares of Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Seven research analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $308.95.

Norfolk Southern Stock Performance

Shares of NSC opened at $297.98 on Thursday. 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 firm has a market cap of $66.92 billion, a PE ratio of 23.37, a P/E/G ratio of 5.39 and a beta of 1.31. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $319.94. The stock has a fifty day moving average price of $300.67 and a 200-day moving average price of $291.92.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.46. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the business earned $3.04 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders 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 dividend yield of 1.8%. Norfolk Southern’s payout ratio is presently 42.35%.

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.