Blueshift Asset Management LLC Buys 350 Shares of Norfolk Southern Co. (NYSE:NSC)

Blueshift Asset Management LLC raised its position in shares of Norfolk Southern Co. (NYSE:NSCFree Report) by 22.0% in the third quarter, HoldingsChannel reports. The firm owned 1,942 shares of the railroad operator’s stock after buying an additional 350 shares during the quarter. Blueshift Asset Management LLC’s holdings in Norfolk Southern were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NSC. Moneta Group Investment Advisors LLC increased its holdings in Norfolk Southern by 95,518.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,028,232 shares of the railroad operator’s stock worth $746,217,000 after acquiring an additional 3,025,065 shares in the last quarter. Norges Bank purchased a new stake in shares of Norfolk Southern in the fourth quarter worth $537,007,000. Price T Rowe Associates Inc. MD raised its position in shares of Norfolk Southern by 86.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,724,821 shares of the railroad operator’s stock valued at $671,451,000 after purchasing an additional 1,265,666 shares during the period. Morgan Stanley lifted its stake in shares of Norfolk Southern by 33.5% during the 4th quarter. Morgan Stanley now owns 2,546,214 shares of the railroad operator’s stock valued at $627,438,000 after buying an additional 638,384 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Norfolk Southern during the 3rd quarter valued at $103,223,000. Institutional investors own 72.37% of the company’s stock.

Wall Street Analysts Forecast Growth

NSC has been the topic of a number of recent analyst reports. Barclays decreased their price target on Norfolk Southern from $240.00 to $235.00 and set an “equal weight” rating on the stock in a report on Monday, January 29th. UBS Group increased their price objective on shares of Norfolk Southern from $209.00 to $238.00 and gave the company a “neutral” rating in a report on Monday, January 29th. TD Cowen downgraded shares of Norfolk Southern from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $233.00 to $236.00 in a report on Monday, January 29th. Royal Bank of Canada cut their target price on shares of Norfolk Southern from $215.00 to $207.00 and set a “sector perform” rating for the company in a research note on Monday, January 29th. Finally, Morgan Stanley cut shares of Norfolk Southern from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $185.00 to $175.00 in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and a consensus price target of $235.35.

Check Out Our Latest Report on NSC

Norfolk Southern Price Performance

Shares of Norfolk Southern stock opened at $248.48 on Tuesday. The stock has a 50 day moving average price of $231.95 and a 200-day moving average price of $215.34. Norfolk Southern Co. has a one year low of $183.09 and a one year high of $255.80. The stock has a market cap of $56.09 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 4.36 and a beta of 1.30. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.24.

Norfolk Southern (NYSE:NSCGet Free Report) last posted its quarterly earnings data on Friday, January 26th. The railroad operator reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.04). The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.42 EPS. Equities analysts expect that Norfolk Southern Co. will post 12.25 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 2nd will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, February 1st. Norfolk Southern’s payout ratio is currently 67.33%.

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

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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