2 weeks Ago By ABMN Staff
Federated Hermes Inc. lessened its stake in shares of Norfolk Southern Co. ( NYSE:NSC – Free Report ) by 11.
9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 531 shares of the railroad operator’s stock after selling 72 shares during the quarter. Federated Hermes Inc.
’s holdings in Norfolk Southern were worth $125,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Norfolk Southern in the fourth quarter valued at $547,575,000.
Boston Partners lifted its position in shares of Norfolk Southern by 16.9% in the 4th quarter. Boston Partners now owns 4,020,392 shares of the railroad operator’s stock worth $945,385,000 after purchasing an additional 580,293 shares during the period.
Amundi boosted its stake in shares of Norfolk Southern by 56.4% during the 4th quarter. Amundi now owns 1,302,635 shares of the railroad operator’s stock valued at $308,607,000 after purchasing an additional 469,558 shares in the last quarter.
Raymond James Financial Inc. purchased a new position in shares of Norfolk Southern during the fourth quarter valued at about $105,225,000. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in Norfolk Southern in the fourth quarter worth about $75,621,000.
Institutional investors own 75.10% of the company’s stock. Analysts Set New Price Targets NSC has been the topic of a number of research analyst reports.
Susquehanna reduced their target price on Norfolk Southern from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th.
Deutsche Bank Aktiengesellschaft began coverage on Norfolk Southern in a research report on Friday, March 7th. They set a “buy” rating and a $293.00 price objective for the company.
Stifel Nicolaus reduced their target price on shares of Norfolk Southern from $265.00 to $247.00 and set a “hold” rating on the stock in a research report on Monday, April 14th.
Wells Fargo & Company lowered their price target on shares of Norfolk Southern from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th.
Finally, Benchmark restated a “buy” rating and issued a $285.00 price objective on shares of Norfolk Southern in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock.
According to MarketBeat.com, Norfolk Southern currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.79.
Norfolk Southern Stock Up 2.8 % Shares of Norfolk Southern stock opened at $219.99 on Friday.
The company has a market cap of $54.24 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.
31 and a beta of 1.30. The company has a quick ratio of 0.
82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16.
The company’s 50 day moving average is $233.78 and its 200 day moving average is $245.74.
Norfolk Southern Co. has a twelve month low of $201.63 and a twelve month high of $277.
60. Norfolk Southern ( NYSE:NSC – Get Free Report ) last issued its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.
04 EPS for the quarter, topping 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%.
Research analysts anticipate that Norfolk Southern Co. will post 13 EPS for the current year. Norfolk Southern Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th.
Investors of record on Friday, February 7th were issued a $1.35 dividend. This represents a $5.
40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, February 7th.
Norfolk Southern’s payout ratio is 46.71%. Insider Buying and Selling at Norfolk Southern In other Norfolk Southern news, Director Gilbert H.
Lamphere acquired 607 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of $259.86 per share, with a total value of $157,735.
02. Following the transaction, the director now directly owns 2,487 shares in the company, valued at approximately $646,271.82.
The trade was a 32.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
0.19% of the stock is owned by corporate insiders. Norfolk Southern Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter .
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